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- SuperJack108, on 10/30/2008, -3/+8Scary stuff... just in time for Halloween.
- brad3378, on 11/01/2008, -0/+1I'm hoping that some of Digg's Obama supporters can help explain #5 (Stock Market Rally)
Maybe they could even share a stock tip or two. Don't get me wrong, I expect companies receiving government subsidies to do well and I expect inflation to help companies that benefit from rising commodity costs, but I remain skeptical.
McCain wants to cut the long term capital gains tax in half and Obama wants to double it.
I believe that McCain would be better for the stock market, but for the record, I won't be voting for either candidate.
Why would people want to save MORE money in a risky stock market if their gains are more heavily taxed?
Is that the point? Do we want people to shift their savings to their bank accounts where their earnings are arguably smaller but guaranteed? Is the idea to prevent people from taking risks? Thanks in advance for taking the time to respond after burying me.
- brad3378, on 11/01/2008, -0/+1I'm hoping that some of Digg's Obama supporters can help explain #5 (Stock Market Rally)
- bixby1, on 10/30/2008, -2/+13I love the sound of lower health care costs....
- codywhat, on 10/30/2008, -5/+2i love the sound of higher taxes
- brad3378, on 11/01/2008, -0/+1All I hear is more deficit spending..............not that McCain would be any different.
- tjClassic82, on 10/30/2008, -0/+6Just as long as my internet keeps working and I can still get a double cheeseburger for 99 cents, I'll be happy!
- casspa, on 10/30/2008, -0/+6Only 5 more days....
- anderzole, on 10/30/2008, -0/+9taxes taxes, how bout people focus more on getting people jobs and helping the unemployment rate out.
- codywhat, on 10/30/2008, -5/+4how will businesses be able to employ more when more of their money is going towards taxes?
- PhilliesBlunt, on 10/31/2008, -0/+3Same way they did so Under Clinton.
Hell, same way they did under FDR where you could legitimately make the arguement that the tax rate punished success.
- PhilliesBlunt, on 10/31/2008, -0/+3Same way they did so Under Clinton.
- codywhat, on 10/30/2008, -5/+4how will businesses be able to employ more when more of their money is going towards taxes?
- richdinatlanta, on 10/30/2008, -0/+5I think the economy is unsure of the future right now and that once the election is over, there will be more confidence.
- cquinnd, on 10/31/2008, -0/+1This.
The markets know that no matter who wins there will be people who need products and services, businesses to run and profits to be made.
The big question in their minds are what direction business will move in for them to invest and make profits from. Which will start to be settled by the election results.
Once that direction is known, confidence will return to those parts of the economy.
- cquinnd, on 10/31/2008, -0/+1This.
- MichaelMelen, on 10/30/2008, -0/+4Let the count down begin!
- brad3378, on 11/01/2008, -0/+1$5
$4
$3
$2
$1
$0
- brad3378, on 11/01/2008, -0/+1$5
- netgeek06, on 10/30/2008, -0/+2Just wait for another 5 days to know the result.
- AFelsinger, on 10/30/2008, -0/+3dugg because none of that sounds unfair whatsoever
- laketo, on 10/30/2008, -0/+0I like the stuff that Dave Kansas writes.
- alvaris, on 10/31/2008, -0/+2interesting and wait for election :D
- AnotherDiggGuy, on 10/31/2008, -3/+2Obama has said we will not see taxes raise a single penny under his presidency. He doesn't consider letting the Bush tax cuts expire in 2010 as a tax increase for some reason. So who knows what other loopholes he can take advantage of. That will affect your wallet.
Obama has said he's going to tax the ***** out of the rich (the highest amount of industrialized nations, to be exact), the same people who create our jobs & create our goods. The rich are just going to raise prices to compensate. They'll also just lay people off. That will affect your wallet.
Obama wants tax refunds paid to all taxpayers who qualify for them, regardless of whether they owe taxes or not. These refunds have the ability of reducing a taxpayer’s liability below zero, meaning they can get a refund without actually paying taxes. In real numbers, 60 million people who have no tax burden at all will receive refunds from Obama. This will affect your wallet at some point in time.
"For the Obama Democrats, a tax cut is no longer letting you keep more of what you earn. In their lexicon, a tax cut includes tens of billions of dollars in government handouts that are disguised by the phrase "tax credit." Mr. Obama is proposing to create or expand no fewer than seven such credits for individuals:
* A $500 tax credit ($1,000 a couple) to "make work pay" that phases out at income of $75,000 for individuals and $150,000 per couple.
* A $4,000 tax credit for college tuition.
* A 10% mortgage interest tax credit (on top of the existing mortgage interest deduction and other housing subsidies).
* A "savings" tax credit of 50% up to $1,000.
* An expansion of the earned-income tax credit that would allow single workers to receive as much as $555 a year, up from $175 now, and give these workers up to $1,110 if they are paying child support.
* A child care credit of 50% up to $6,000 of expenses a year.
* A "clean car" tax credit of up to $7,000 on the purchase of certain vehicles.
http://www.macpac08.com/2008/10/obamas-tax-lies.ht ...
Yeeeeaaaa, good luck with that. - TheDataWhore, on 10/31/2008, -0/+4While I do not think Obama winning will solve all our problems (the stock market might rally a bit after he wins, but the fundamentals are still very bad, so it won't stick.) I do however believe that he is far more competent and capable to facing these economic problems.
- JustinBobby08, on 11/07/2008, -0/+1I Just heard there may be a 2nd stimulus payment - that would rock... I still haven't spent my 1st one!
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