# taxes vs president **URL:** \ **Category:** PittSpeed Off Topic\ **Created:** [September 26, 2008, 1:31pm UTC](https://forums.speedlife.net/t/taxes-vs-president/199833 "2008-09-26T13:31:16Z")\ **Posts on this page:** 1\ **Showing post:** 26
**Author:** ![kilmer420](https://avatars.discourse-cdn.com/v4/letter/k/d6d6ee/32.png) [@kilmer420](https://forums.speedlife.net/u/kilmer420)\ **Post date:** [October 15, 2008, 2:39pm UTC](https://forums.speedlife.net/t/taxes-vs-president/199833/26 "2008-10-15T14:39:32Z")
> [@Any nutritionists here?](https://forums.speedlife.net/t/any-nutritionists-here/38362/3): > > i don’t want to start with you… but that’s exactly my point… some people’s taxes aren’t others yearly bonuses… regardless of income. No ones income tax should be reprovisioned privately as a tax rebate. the amount of people is irrelevant… you should be taxed just like your neighbor and those taxes should feed social needs… and i mean that loosely, not social handouts. “Free money” doesn’t work and doesn’t make sense. > > energy expenditures are a large part of a companies budget… think of companies that require machines running off power to complete a task, it’s 99% of the market out there, so Energy plays a large role… and during the last debate McCain made it pretty clear that he’s open for all power sources, not just new-clear. > > workers pay tax on health coverage, vs. having pre-tax dollars being taken out on the companies dime… i don’t see the huge issue here? Healthcare is private. A person should make sure they are covered to the degree they want, this is different depending on lifestyle, a 26 year old single guy is going to have different needs from a 29 year old married with kids… its just won’t work to have a ‘blanket’ / ‘national’ plan… it’s proven in other countries with far less people to be a simple numbers game. > > Gun Control is a right, read the bill of rights, naturally the copy before edited by Obama and his ‘scholars’ at the Joyce Foundation 😉 > > how is race have anything to do here? actually i think you’re the first person to bring it up! > > first year deduction and equipment write-off and depreciation are two largely different things. this is when a startup is licensed they have a year to write off, but if a business doesn’t take off or take a huge capital plunge in year one, they can’t take those steps of having a tax break on their new initial start up costs… I think they what they are suggesting is that they might allow this first year startup tax break to happen more often? dunno, total guess never heard anything about it until now. > > capital gains tax helps small business when a private company goes public… Bush was the guy to lower these (both short and long term) and then signed into a reconciliation act that these short-term lower rates will stay through 2011. > > more of the same what? his views and alliances are similar because McCain is a republican, but he differs on all subjects just like any other person running for office. Some thing need to change and inevitably will. what is the same? > > why would someone who makes income not pay income tax? > > ANYWAY… i thought that mccain taxed everyone and Obama gave tax breaks… or is it that mccain didn’t tax everyone and only obama taxed the rich??? or is it that obama taxes the rich and mccain taxes everyone? > > i don’t get it: Start with me, what are we in some kind of fight? This is a discussion I thought… What free money? What are you talking about, you just posted that the richer will get taxed more no matter what in this country. Well, based on that, what’s another 2-3%? Same thing. Still taxes. Where are these social hand outs? The only people not paying taxes are elderly making under 50K/yr, everybody else still pays taxes. Where are your facts? You usually like to bring facts into play, meanwhile you are just generalizing so far… Energy expenditures aren’t all small business. Do they all have machines running everything? Yes, it plays into the budget of any business, but is it a #1 problem? Nucular or not, I am reading his site. Which is emperical data as you like to state. It’s not a blanket national plan, you obviously haven’t read what Obama is proposing, let me get it for you since you won’t visit his site: “The Obama-Biden plan will create a National Health Insurance Exchange to help individuals purchase new affordable health care options if they are uninsured or want new health insurance. Through the Exchange, any American will have the opportunity to enroll in the new public plan or an approved private plan, and income-based sliding scale tax credits will be AFFORDABLE, ACCESSIBLE COVERAGE OPTIONS FOR ALL provided for people and families who need it.” YOU HAVE AN OPTION OF both PRIVATE and PUBLIC. So, you still have a choice. Who said it’s blanket? Who said anything about people having different needs, of course they will, that’s why he gives you choices!!! Gun Control…good one, I guess that’s a Freudian slip. It might be a right, and passed by law, but originally it was intended for state militia. “A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed.” That was the original intent. Regardless, that shouldn’t be the most important issue at hand with our current times! Race has everything to do with everything. This is how this election is going to be won/lost. You know exactly what I am talking about. Actually, the depreciation and first year deduction are very similar. Money spent to purchase business-related equipment must generally be recovered over a period of years, through depreciation or amortization. Instead, you can write off business equipment in one year, rather than depreciating it over several years. Capital gains has a lot more in it, then just companies going public and you know it! You just keep focusing on points that help better your argument, in the end there are pro’s and con’s to both sides of each story. Finally, McCain Voted With Bush 95 Percent of the Time Last Year. According to Congressional Quarterly, John McCain voted in support of the president’s position on legislation considered in the Senate 95 percent of the time in 2007. In addition, McCain supported 4 out of 5 Bush budgets that were considered in the Senate, for a total of $9.8 trillion in government spending. So, tell me is that the same or somehow you can find another nit picking difference? P.S. Regarding your tax quotes: [How McCain and Obama will change your tax bill - Jun. 11, 2008](http://money.cnn.com/2008/06/11/news/economy/candidates_taxproposals_tpc/index.htm?postversion=2008061111) McCain: The average taxpayer in every income group would see a lower tax bill, but high-income taxpayers would benefit more than everyone else. Obama: High-income taxpayers would pay more in taxes, while everyone else’s tax bill would be reduced. Those who benefit the most - in terms of reducing their taxes as a percentage of after-tax income - are in the lowest income groups. **Under both plans, all American taxpayers could pay a price for their tax cuts: a bigger deficit. The Tax Policy Center estimates that over 10 years, McCain’s tax proposals could increase the national debt by as much as $4.5 trillion with interest, while Obama’s could add as much as $3.3 trillion** --- _[View the full topic](https://forums.speedlife.net/t/taxes-vs-president/199833)._