Obama and Your Taxes
What is the difference between misleading and lying?
According to Sarah Palin last night, if you vote for Obama your taxes will go up.
“The Democratic nominee for president supports plans to raise income taxes … raise payroll taxes … raise investment income taxes … raise the death tax … raise business taxes … and increase the tax burden on the American people by hundreds of billions of dollars. My sister Heather and her husband have just built a service station that’s now opened for business – like millions of others who run small businesses. How are they going to be any better off if taxes go up?”
The truth is, if you make over $250,000 your taxes will go up. I guess if you’re making over 250k per year, by all means don’t vote for Obama. If you make less than that (most of America), you will see a tax cuts up to 5% by 2012… Well, we’ll see if that one comes true. Also, if anyone knows, isn’t that personal income Obama would be taxing? How would that affect a business?
In fact, under Obama the middle class will pay less than under McCain, (5% vs. 3%). So lets leave the “Obama is going to raise my taxes” complaint to the rich. Well, 250k is rich for me. So is 100, or 200. Should this number be higher or lower?
There will be more half-truths to come, from both sides I’m sure.