You yammered for the refundable....
Posted By: sam on 2008-10-31
In Reply to: Happy. I actually found it myself just now....along with - something else of interest...sm
because you thought I was lying. I delivered, and you change the subject. Why are we beating this dead horse? You would vote for him if he said you should give 80% of your income to your neighbor because it is the patriotic thing to do. LOL. Geez.
Look. I took Obama at his word. He said spread the wealth, so the guys "under you" have a chance. And from that you think he means "adjusting tax rates within our historical progressive tax structure." How is giving someone a credit that eliminates their federal tax liability NOT socialist? does McCain's refundable tax credit remove federal tax liability from anyone?
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Yeah, but it was Obama who yammered
Wutta mutt.
Bringing the refundable tax credits to the top,,,
Took some looking, but found it.
o A $1,000 “Making Work Pay” Tax Credit. For 95 percent of workers and their families—150 million
workers overall—the “Making Work Pay” credit will provide a refundable tax cut of $500 for workers or
$1,000 for working couples. This credit will benefit over 15 million self employed workers and for 10
million low-income Americans, will completely eliminate their federal income taxes.
o A Refundable $4,000 American Opportunity Tax Credit. Barack Obama will provide a $4,000 fully refundable
tax credit to ensure that college is affordable for all American families. This credit will cover
100% of the first $4,000 of qualified tuition expenses, making community college essentially free and
covering about 2/3 of the cost of public 4-year college.iv
o A Universal 10% Mortgage Interest Tax Credit. Barack Obama will provide a 10% refundable credit to
offset mortgage interest payments and make homeownership more affordable for lower- and middle-income
families. This universal credit will provide an average tax cut of $500 to 10 million homeowners who do not itemize.
I see refundable in there a few times. And there you have the low income folks who will, with the help of this "credit," ELIMINATE their federal taxes. Who is going to take up that slack?
Still can't come up with that refundable credit language?
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They asked for the word refundable.....
and I supplied it. You missed the part about the credit Completely eliminating federal income tax for low income families? get a cREDIT which ELIMINATES tax liability?? You missed that part??
Please explain how the refundable tax credit...
that was outlined from his own documentation, that states the credit will eliminate federal taxes for 10 million low income workers...figures into that table. And then explain to me how taxing others higher than those low income folks to make up the loss of that revenue is not marxist re-distribution of wealth. Thank you.
ohhhh so now that I found the refundable language you were looking for...
now you are yiping double standard.
Does McCain's tax credit for health care remove someone's federal tax liability? No.
Is it aimed specifically at the "bottom?" No.
Not even remotely the same. Obama has said himself...spread the wealth. Start from the bottom up. Redistribute that wealth. Have you looked at his history at all? Of course not...wouldn't want that idol to have clay feet.
How about that larger refundable tax credit of McCain's?
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