Do you see that the highest 20% and the second highest 20% paid more in taxes aftwer the tax cuts than before. Now why would any of us in the lower income levels want to roll back the tax cuts and allow the rich to pay a smaller percentage?
The WSJ has a column that leads to another question. Why would anyone vote for Obama if they are concerned about taxes and government spending. Obama wants to raise the capital gains tax (CGT) back to 28% (Clinton would like it back to 20% from the current 15%). The WSJ points out as did Charlie Gibson, by the way, that every time we lower the CGT we increase tax revenues. Both Obama and Clinton want to penalize the rich for being successful and promise not to raise taxes on those earning less than $250,000. According to the IRS and the WSJ
Both candidates would have voters believe that taxes on investment income only affect the rich. But that's not what Internal Revenue Service returns show. The reality is that the Clinton and Obama rate increases would hit millions of Americans who make well under $200,000. In 2005, 47% of all tax returns reporting capital gains were from households with incomes below $50,000, and 79% came from households with incomes below $100,000.So I ask again, why would anyone vote against their own self interests.
One more thing, if your issue is the war in Iraq, only the Democrats have called for bringing back the draft. Ostensibly, to energize the peace movement. But it still would mean a loss of freedom for your children.
