No, small businesses do not fall into that category. Basically, they have to make 250,00$ profit before they get higher taxes. If they're paying $300,000 a year for expenses and making $500,000 a year, they're turning over a $200,000 profit, which means they aren't getting higher taxes. So basically, only extremely successful small businesses; i.e, ones that don't have much competition, are going to get a tax increase. So, no, most small businesses actually do not fall into that category.

The election's over, but democracy isn't. Whatever you think and whatever your positions, you should write to your local congressmen and stay involved. They were elected to convey your concerns to the entire country.

I wonder how people who make 80,000 or less a year are gonna pay off trillions of dollars?
Oh wait... we've been trying that so I guess I KNOW that that isn't gonna work so maybe I should try the people who HAVE MONEY instead....
But i KNOW RIGHT!? CRAZY CHOICE OR WHAT?

Yeah I know right!
Bill gates who grew up with the senator from ILLINOIS who obviously voted for Obama is really going to be scared not to vote for him because they'll call him a racist?
You're kidding right? No1 who's scared of being called a racist will let that effect their vote.
They're rich, they can just ignore the entire world. Come up with a better excuse than that.

Thats why its the upper class. Its supposed to be hard to reach. If everyone lived like the upper class, I don't see why you would call that an upper class anymore. It's same as everybody else!

Basically you are saying they shouldn't be taxed? Why?

Stop making up words from what you don't see, you must be hallucinating somehow. Have you lost your mind?

Then what the hell are you trying to say? It's irrelevant reply to what I'm saying. If you're telling me the damn obvious but without telling me that upper class families monopolizes and doesn't pay any taxes, then why bring up what I already know?

Notice how I wrote the word "Basically" because that's what I'm trying to interpret to whatever the hell you are replying to what I'm saying. Otherwise you just posted a worthless post that shouldn't be here.

I am wondering if some people understand how the US tax system functions.

It works by a series of brackets, a range of income. Higher brackets are taxed a higher percentage, but not as a whole. Each bracket is isolated, and only the money within that income range is taxed. If the first bracket is 0 to $10,000 with a 10% tax, and the next bracket is $10,000 - $20,000 with a 20% tax, you do not pay a flat 20% tax on everything ($4,000 if you earned $20,000). Instead, your first $10k is taxed 10% ($1,000), and only the money in the second bracket is taxed the full 20%. In this case, we're $10,000 over the 10k bracket, so only $10,000 is taxed at 20% ($2,000). Meaning, we'd pay $3,000 in taxes, rather than $4,000, because it is broken up instead of taxed as a lump sum.

Here's a calculator you can play with.

Some idiot claimed that McCain would raise the debt more than Obama. Obama's own website admits that their would be net decrease in tax revenue, and no one can honestly claim that Obama would spend less than McCain.

Don't get me wrong, both would increase the debt. Obama just does it more.

Debt would be increased through spending and I'm pretty sure Obama is going to cut spending (so was McCain).

The richest 10% in the US own 80% of the wealth. Those 10%, with their 80% of the wealth in the US should be able to help deflate the debt. i don't think 90% of people with 20% of the wealth can help it much.

Where did you get that statistic? That seems too high.

Besides, the rich are notorious for hiding their wealth. Tax revenue incrases when taxes are decreased because the rich are less likely to hide their income with tax shelters.

Actually it is 5%, if you look at the tax forums on the back.

What is 5%? The top 5% own 80%? That's even worse.

Why should they deflate the debt? They didn't create it. They didn't waste money like a bunch of drunks. Those politicians in Washington did. They should cut spending back down to a realistic level. They've got enough tax revenue already.

Well, if the taxes get higher on the top 5%, it only means that the lower tiers get less pay overall. Just to balance out their usual income.

Did you know that during the Clinton Administration, our country almost had the country debt payed off? We had such a surplus going on, we wouldn't be in this economical depression if it wasn't for the fake war in Iraq.

That's a different story for a different thread:

I chose Obama for the simple reason that I'm sick of war. I truely felt that voting for McCain was voting for another 4-8 years of wars in the Middle East because of how he voted with Bush 90% of the time on EVERYTHING.

Why would I want someone like that in charge of my country?

So I took the Socialist.


If my vote would have REALLY counted, I would have voted for Nader.

Kellimus, Obama wants war too. But he doesn't want anymore in Iraq, he wants it in Afghanistan instead...Obama and Mccain aren't that far apart on foreign policy.

Oh, now it makes sense. Invoke class warfare and force rich people to pay for big government. I get it.

Oh, did you find your ballot in a garbage can?

Obama wanted to invade Afghanistan because he wants to destroy the Al Qaeda that had set up the 9/11 plot and the 7/7 bombings. And how the hell did Iraq get involved? Oil and "Weapons of Mass Destruction"? Would you rather invade a country for accusing them of 'weapons of mass destruction' and oil instead of invading another country that had attacked and harmed our/other countries' main cities?