The Obama Tax Plan = Redistribution Of Wealth


Obama wins and we’re all gonna get hosed….except for those already on the welfare nipple of course:

One man in particular questioned Obama’s tax plan, telling him that he is about to buy a company that makes more than $250,000 a year.

“Your new tax plan is going to tax me more, isn’t it?” the man asked.

Obama responded by telling the voter that his business would get a 50% tax credit for health care, but that his taxes will go up from 36% to 39%.

“I want to give all these folks who are bus drivers, teachers, auto workers who make less, I want to give them a tax cut,” Obama explained.

The man wasn’t convinced, telling Obama that he has been a plumber for 15 years and doesn’t believe that he should be taxed more.

After explaining that the tax rate would be the same as under Bill Clinton and that 95% of Americans make less than $250,000, Obama made one last pitch to the voter.

“I’m gonna cut taxes a little bit more for the folks who are most in need and for the 5% of the folks who are doing very well – even though they’ve been working hard and I appreciate that – I just want to make sure they’re paying a little bit more in order to pay for those other tax cuts,” Obama said.

It’s not that I want to punish your success – I just want to make sure that everybody who is behind you – that they’ve got a chance at success too.

Sounds like the very definition of Socialism.

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I’m doing my part in preparing for a Hussein O socialist president. Took the 03 model Ford FX4 Off Road, with 33,000 miles, truck in for service and was offered a good deal on a new Ford truck. Seriously considered buying it until the brain clicked. If Hussein is elected I wouldn’t be able to afford the taxes and gas to keep it on the road. Was looking at some land (at auction), had the letter of credit from the bank. Looked at another Dimmy Carter administration (I lived through that disaster) on the horizon and tore the letter of credit up. Nothing will be bought that I can’t eat or need to wear until after Nov 5th. If Hussein is elected nothing will be purchased, other than the necessaries, for the next 8 years. By then the government will give us all we need to live, no work required.

so if you own a business you get hosed for it being a good business, and if the business has an employee you get nailed more for the healthcare, nice. so if your business barelly breaks even, and you have one employee, do you still get the health care hosing? he makes things way to complicated, and he wants to try and give the welfare bums more money. doesn’t he realize that most of them would not be on welfare if the did indeed want to succeed?

McCain needs to effectively convey the realities of these truths to average voters – and draw in the $250K even – when the average family may lose up to $5K in existing tax credits (ie Bush tax cuts) for a “promise” that Obama will “cut” their taxes (provided they buy a hybrid car or whatever he mandates) – it’s a loss, no matter how you look at it … and on top of the increased taxes on middle income families, the drastic increases in government spending, the hikes in investment + capital gains + dividends + business taxes will stifle markets for years to come (and that’s one additional reason markets are where they are now).

How to destroy a country with socialism:

A father has twin sons of 12 years old. He tells them, from now on, every domestic task you will do, I will give you 10$.

– The 1st week, Peter makes 10 tasks and gets 100$
– His brother Paul makes 2 tasks and only gets 20$

– Peter is very happy. He made a lot of money and he’s proud of himself.
– Paul is not happy; he envies his brother and decides that next week he will do more.

The mother comes along, she is a leftist, and she thinks that this is unfair. So she takes all of the money (120$), splits it in two, and gives each boy 60$.

– Peter is mad. He feels cheated. Next week, he will take it easy. Why work his ass off if he has to split his money with his lazy brother.
– Paul is happy. He got more than he worked for. Next week he will take it easy again. Why work his ass off since his brother does it for him.

Here’s my little conclusion on Obama’s tax-plan:

At the last debate, he said that for those making less than $250K, taxes will not rise. For those making less than $200K (businesses), there will be a tax credit. Now – and please, someone, correct me if I’m wrong – if we were to take a wealthy corporation like Walmart – who has millions and MILLIONS of those middle class workers that Obama wants to help out, and we tax them a higher percentage that they already pay (I believe it was McCain who said in the first debate that US businesses pay a 35% tax – the second highest in the world)…and on top of the higher taxes, have them cover more of the insurance costs of those MILLIONS of workers every year (Obama had also said that he would work with those corporations to reduce the insurance deductible for each employee by $2,500)…wouldn’t that spell disaster for businesses? From paying taxes, insurance for each employee, and the money they spend on production/business in general…?

In my mind – and again, correct me if I’m wrong – this would mean that businesses either hike up their prices (thus, leading to a loss of customers), cut benefits (health care included?), lay people off work, outsource to other countries, or shut down for good.

I…really find it hard to connect the dots with this idiot’s tax plan. Who the heck is he going to tax exactly when there is no more business in the US? The wealthy 5%? I’m not running for president, and even I know that you can’t run an entire country and all those plans that he wants just by taxing the wealthiest 5%.

You need to pick a different company, the Walmart corporation probably uses all 9k+ of the IRS tax laws and like almost all big business uses those loophole to not pay crap. :

Hillary Clinton, who was close with the Walton family, served on the Wal-Mart board from 1986 to 1992. In 2006, her Senate campaign returned $5,000 to the company’s political action committee while citing differences with company policies.

A blind trust held by Clinton and her husband, the former president, included stock holdings in Wal-Mart. They liquidated the contents of the blind trust in 2007 because of investments that could pose conflicts of interest or prove embarrassing as she ran for president.'s-Wal-Mart-link.html :

As a fluent public speaker, independent-minded wife, devoted mother and professional woman, Michelle Obama has been hailed as an invaluable asset to her husband Barack’s mission to capture the Democratic 2008 presidential nomination.

Yet, while her style and performance are winning plaudits on the campaign trail, a little-reported business interest of Mrs Obama’s has opened her husband up to one of the criticisms that politicians fear most – the taint of hypocrisy.

She is taking a break from her main job, as a well-remunerated Chicago hospital executive, to campaign for her husband. But she has just been re-elected to the board of an Illinois food-processing company, a position she took up two years ago to gain experience of the private sector.

And the biggest customer for the pickles and peppers produced by Treehouse Foods is the retail giant Wal-Mart, the world’s largest corporation and the bête noire of American liberals, including Sen Obama, for its employment practices, most notably its refusal to recognise trade unions.

As the Illinois senator prepared to join the presidential fray late last year, he threw his weight behind the union-backed campaign against Wal-Mart. He declared that there was a “moral responsibility to stand up and fight” the company and “force them to examine their own corporate values”.

According to the couple’s tax returns, Mrs Obama earned $51,200 (£25,700) for her work as a non-executive director on Treehouse’s board last year, on top of the $271,618 salary she was paid as a vice-president of the University of Chicago Hospitals.

She also received 7,500 Treehouse stock options, worth a further $72,375, as she did the previous year, when she banked a $45,000 salary from the company.

The apparent contradiction between Sen Obama’s political calculation to join the Wal-Mart-bashing lobby, and his wife’s profitable role with a company that makes money from Wal-Mart, is being closely scrutinised by “opposition” research teams working for rival White House candidates, The Sunday Telegraph has learnt.

They are collecting information about Mrs Obama’s Treehouse ties, anticipating that – in a country where “going dirty” is a political way of life – the link may provide valuable ammunition in the election campaign.

No matter what he says, Obama’s Tax plan targets INDIVIDUALS who earn more than $250k for redistribution of wealth, NOT corporations. Corporate taxes is a totally different animal. It’s like Apples & Oranges. But, yes any big business taxes he adds are not paid by the businesses because they pass them all on to the consumers. McCain is absolutely correct, Obama’s tax plans tax the crap out of small and medium business owners. For Socialism to work you have to eliminate the middle class and lower wealthy tax brackets so that ALL the peons are equal paupers.

@Rocky_B: I know Walmart’s a really bad pick. Just wanted an example of a big corporation that employed millions. But yours is a great post.

The problem with his tax plan is it’s what he SAYS he will do. I don’t believe for a second he will not go after the middle class. As it is he will undo the Bush tax cuts. He’s a typical dem who has no intention of being the “fiscal Conservative” he pretends to be.

If OBAMA is elected president in this election I will not sell another share of stock, any bonds or real estate while he is in POWER. In essence, I will not have any capitol gains for the next four years. I personally do not have to. I can survive on other sources of income such as my tax-exempt bonds.

Obama does not realize that the top 5% do not have to sell anything. They can sit tight and live off of cash that they were able to generate when they saw that he might have a chance to be the first SOCIALIST president of the United States. Let him squirm in the position that the national news media bought for him. He may even be the first president to actually QUIT.

It amazes me, punishing the successful, and reward those who don’t/haven’t tried to rise above mediocrity. While in the process bankrupt the country and destroy the healthcare system even more. He’s going to end up another Carter.

That top 5% basically own all industry. Don’t people realize they will just up the prices of the items we need in day to day life to make up the difference, and in spite probably turn a profit.

We own a small business and employ 22 people. We were looking to expand next year and add on another 6 people at least.

We have had real estate agents looking for a new, larger property.

We were in the process of buying 2 new trucks and one new company car.

We just received a line of credit from the SBA to help with our expansion.

We just put everything on hold until after the election.

Is there any evidence of Obama cutting any tax..anywhere? He was quick to take out 800 billion of our tax dollars in his bailout scheme. Where’s the tax cuts????


There’s no history whatsoever of BO ever cutting taxes.

BO actually voted to RAISE taxes on anyone making more than $42,000 per year.

Years ago, man by the name of Shmitz said “Those who work should live better than those who won’t”. True then. True now. The Gilded One will flip that axiom on its ear.
Regardless of the winner November 4, this country is about to go through a nasty spell fueled by racial hate that has been simmering for many years. The economy will be secondary. Race is a whole lot more an issue than most will admit.
Yeah, I know. I’m a bigot.
See ya!

Obama translater:

Community Investments: Taxes go up

Infrastructure: Taxes go up

Helping the “little man”: Taxes go up

Paying your “fair share”: Taxes go up.

The American Dream: Only good up to 250K, after that you’re the Devil

Tax cuts for 95% of the populace: 30% don’t pay income taxes, they essentially get an extra welfare check.

ACORN: My personal 527 group and hit squad

After the rich are gone, the next group (one step down the economic chain) gets hit next. This continues until all levels of society are the same…..all equally miseable.

@Aye Chihuahua

Their is no record of OB doing ANYTHING other then a couple hundred earmarks and 2 auto biographies.

Obama’s first, second, and third priority is to get elected. If that means pandering to large numbers of unemployed, under employed, those on welfare, illegal aliens, and malcontents, he’ll be happy to throw them a few crumbs as a way to get their votes. He will also turn democracy and capitalism on it’s head, and villainize the affluent and successful in our society, in order to rally the masses behind him. With evangelical zeal Obama will convince his followers to replace reason with hope and belief … to blindly follow him … never challenge him … and embrace his words as gospel. In the real, and unforgiving world of economics however, when you immediately gratify everyone by feasting on the goose that lays the golden eggs, the economy looses it’s ability to continue generating growth and wealth. Obama is promising everyone a piece of the pie, whether they helped bake it, or not … but, only in a socialistic, or communist state do the non-contributors demand to share equally in the property that belongs to others. Immediate gratification is like a drug to the malcontents, but in the big picture, every farmer knows that you never eat your seed crop. If Obama gets elected, America will turn into a third world country, with massive government welfare programs, unable to generate jobs for it’s citizens, and unable to compete in the global markets. Keep America safe, free and strong … elect McCain/Palin on November 4th.

We are going to be hosed. The economy declines further more and Obama cannot say it is all Bush’s fault.

He will bail out the car industry which only whimpers for enough money to make it to January 20, 2009 when Obama will return favors to the UAW by giving them 100 million.