Thursday, October 30, 2008

unfair tax laws

Repealing the estate tax is unfair to middle-income taxpayers. Eliminating the estate tax gives a tremendous tax break to the heirs of the very wealthy Americans. None of us should be naïve enough to think that another tax won’t be passed to replace the missing revenue nor should we doubt that the weight of that new tax will fall, as usual, on the middle class. In 2009, any estate worth less than $3.5 million will be passed on to heirs and heiresses estate-tax free. How is that fair to the other classes? Congress should pass a tax law that is the same for EVERYONE not higher for one class and lower for another. In 2001, the Bush Administration and some of the richest families in America pushed to enact a law that has lowered the tax and will eliminate it entirely in 2010. However, to get around Senate rules, the entire law sunsets in 2011 when the tax will theoretically return to 2001 levels. As a result, Congress will have to pass a new estate tax law, most likely next year. A new estate tax law will have to be passed in 2009. A solution would be to write to ensure tax fairness—not to extend unfair tax cuts for the rich. Barack Obama proposes freezing the estate tax at 2009 levels: a 45 percent tax rate on estates valued at more than $3.5 million. Not that i'm in the higher class rank, but I think taxes should be fair to everyone because you can't help how much money you make, some people get lucky, but that doesn't mean just because they have more money their taxes should be higher. I believe in fairness for all.

Thursday, October 16, 2008

Obama's tax plan for Joe "the plumber"

This blog is about Obama's new tax plan. How the people, who make $250,000 or more a year, will have their taxes raised. Joe Wurzelbacher, a.k.a joe "the plumber", is questioned about how much his income is, personally I think it is rude to ask joe what his income is, however, he tells the world it is not nearly as much as $250,000. Obama's plan is to lower the taxes on lower/middle class people and raise it for the higher class who make $250,000 or more a year. Joe, who does not make high enough to have to worry about being taxed higher, wants to purchase the plumbing business for $250,000 to $280,000 which then would cause him to have to pay higher on his taxes. Joe is asked if he is in the category of Obama's tax plan and he responds not presently, then asks so he's going to do that now for people who make $250,000 a year. When's he going to decide that $100,000 is too much? I mean, you know, you're on a slippery slope here. You vote on somebody who decides that $250,000 and you're rich? And $100,000 and you're rich? I mean, where does it end? You know, that's -- people got to ask that question." The intended audience in this blog is everyone. Especially the higher class people needs to pay attention to Obama's tax plan considering it concerns them more because they would be the ones being taxed more. The argument is basically between Obama and his tax plan and Joe and his income tax. I do'nt disagree on the lowering tax for the lower class but i am not sure if it is fair to raise the tax for the higher class just because they make more money.

Thursday, October 2, 2008

Are you smarter than a vice president?

In this editorial, the author writes about the debate to encourage votors to watch it,especially the undecided ones, and realize that Palin is not ready for the high national office. I, however, disagree with the author. I think instead of putting down Palin he should encourage the votors to give her a chance before telling everone she will mess up. I think it would be cool to have a woman as vice president since it would probably be a while before theres a woman president. The author is arguing the debate between Sarah Palin and Senator Joe Biden. He starts off describing Sen. Joe Biden with great credibility and describes Sarah Palin as a "stumbling, inarticulate vice presidential candidate." He does not even wait and give her the chance to mess up before he already starts saying that she will cuz he believes she is not ready. I say give her a chance to try to prove you wrong before you judge who is the better. If Palin holds her own against Biden then she could recover ground her campaign had lost. I guess that would be where the author got his view point that Palin is not ready for the national office but everyone deserves a second chance to recover from their mistakes. No country has seen her in action yet only in a few press interviews and the jokes television has turned her in. Maybe she has learned from mistakes from those media mess ups and is coming around. Even Biden has his own "flubs" telling people that Obama is not ready for presidency when he himself has not even been made vice president yet. If he gets it. The author has plenty of evidence and probably support from votors that Palin is not made for vice presidency but I still think she deserves another chance to change the votors' minds, who knows she might surprise you.