All posts tagged taxes

Obama Vs. McCain Tax Cuts

So I was talking with a tax attorney the other day and he was trying to convince me that Obama would tax the middle and upper-middle class more than McCain to redistribute the wealth down to the poor. This, he argued, would be putting an undue pressure on the “middle-class” therefore McCain was their real champion. Now, I think the central issue with this discussion was this person’s definition of “middle-class”. In NYC, an individual making $100k/yr lives fairly normally once you factor in ridiculous rent, price of goods and services and a responsible savings/retirement stragety – I’d argue they don’t have the capital to go balls-out too often and yet they can most likely afford to do what they want, when they want ot do it (within reason). If we look at this demographic, Obama will actually CUT their taxes by MORE than McCain. So for all of this rhetoric about Obama being a tax-and-spend liberal I have somehting to say: Taxing those that make more than $603k/yr and funding things like schools, healthcare and FEMA is change I can believe in!