Comments on: Obama’s Tax Plan http://commavee.com/2008/10/07/obamas-tax-plan/ from John Minnihan, founder of Freepository. Wed, 07 Jan 2009 13:10:18 +0000 http://wordpress.org/?v=2.7 hourly 1 By: John Minnihan http://commavee.com/2008/10/07/obamas-tax-plan/comment-page-1/#comment-32931 John Minnihan Wed, 08 Oct 2008 13:44:39 +0000 http://commavee.com/2008/10/07/obamas-tax-plan/#comment-32931 Hey em halfon, Taxes are definitely a hot topic each election. Yes, entities (individuals, couples, businesses) earning / generating over $250,000 will not see a tax cut. If the couple files separately, they may avoid the hit of the combined income (assuming that is what you meant). However (with current tax code), couples filing solo also miss out on credits that are offered only to couples filing jointly. This is clearly a difficult issue for couples & individuals who earn more than $250,000 total. Hey em halfon,

Taxes are definitely a hot topic each election. Yes, entities (individuals, couples, businesses) earning / generating over $250,000 will not see a tax cut. If the couple files separately, they may avoid the hit of the combined income (assuming that is what you meant).

However (with current tax code), couples filing solo also miss out on credits that are offered only to couples filing jointly. This is clearly a difficult issue for couples & individuals who earn more than $250,000 total.

]]> By: e m halfon http://commavee.com/2008/10/07/obamas-tax-plan/comment-page-1/#comment-32900 e m halfon Wed, 08 Oct 2008 02:23:29 +0000 http://commavee.com/2008/10/07/obamas-tax-plan/#comment-32900 the tax plan is a tax hike to married dual income families where both parties do well. It encourages divorce and discourages marriage. Bill Clinton signed the repeal of Glass-speigl(sp?) which allowed the banks to created the financial mess we have today. Tax benefits should be extended to both parties based on their separate incomes. Everyone's retirement funds have been decimated. Government should not favor anyone based on income with regard to the tax free benefit of retirement. the tax plan is a tax hike to married dual income families where both parties do well. It encourages divorce and discourages marriage. Bill Clinton signed the repeal of Glass-speigl(sp?) which allowed the banks to created the financial mess we have today.

Tax benefits should be extended to both parties based on their separate incomes. Everyone’s retirement funds have been decimated. Government should not favor anyone based on income with regard to the tax free benefit of retirement.

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