tag:blogger.com,1999:blog-8078662512777171745.post1539547498950517384..comments2010-10-24T11:04:07.960-04:00Scott Cavanaghhttp://www.blogger.com/profile/18274607025849615002noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8078662512777171745.post-58128655306257482172008-10-08T14:42:00.000-04:002008-10-08T14:42:00.000-04:00I agree this debate will do little to swing fence sitters. <BR/><BR/>As far as taxes it amazes me that people do not realize that the US tax system is already a tiered system. The wealtiest 1% already contribute 40% of total taxes collected. They pay their share and then some. This comes directly from IRS data not either party. <BR/><BR/>What people do not realize is that continued taxing of the "wealthy" ulitmately means less jobs. Like it or not if the Government raises taxes on the wealthy, the wealthy are going to react by figuring out how do I operate more efficiently so I don't take a cut in income. They automate, use technology, outsource, and cut payroll. Perhaps some would call that greed but I call it reality, and the reality is increased income taxes on any class will have a negative impact<BR/><BR/>In 2006, the top 5% of U.S. taxpayers, those with gross annual incomes of at least $153,500, paid about 60% of all income tax collected. In contrast, the 50% of taxpayers with incomes under $32,000, paid less than 3% of the total taxes collected. Taxpayers in the top 1%, those with incomes of $388,800 or more, paid almost 40% of all taxes collected.<BR/>The 40% of all federal taxes paid by the wealthiest 1% of Americans represents the highest percentage of all taxes they have paid since 1986, according to a July 21, 2008 report issued by the Joint Economic Committee (JEC).<BR/><BR/>If you think Obama won't raise taxes on the middle class as well as the waelthy you are naive. Clinton gave the same promise back in 1992 saying he would only raise taxes on those making over $200k. In 1993 he raised taxes on all but the poorest class.TennisBumnoreply@blogger.comtag:blogger.com,1999:blog-8078662512777171745.post-17661613423082234172008-10-08T13:40:00.000-04:002008-10-08T13:40:00.000-04:00Good comments on the debate guys. I posted the comments on my forums to see if they would generate discussion. <BR/>Check it out here: http://www.forumsforums.com/3_9/showthread.php?p=203685#post203685<BR/><BR/>I like McCain and think he would made the better president. But Obama performs well in the debates. He is a better speaker and does not say "My Friends" ever time he speaks. Neither gained or lost ground IMO. A major opportunity lost for McCain.doc at forums forums .comhttp://www.forumsforums.com/3_9/showthread.php?p=203685#post203685noreply@blogger.com