Comments on: Wouldn’t Obama’s plan to raise corporate taxes result in higher prices and more unemployment? ? http://www.anti-aging-information.com/wouldnt-obamas-plan-to-raise-corporate-taxes-result-in-higher-prices-and-more-unemployment/ Anti Aging Techniques Secrets Tips Information Fri, 30 Jul 2010 07:27:58 +0000 hourly 1 http://wordpress.org/?v=3.0 By: curious george http://www.anti-aging-information.com/wouldnt-obamas-plan-to-raise-corporate-taxes-result-in-higher-prices-and-more-unemployment/comment-page-1/#comment-1208 curious george Sat, 30 Jan 2010 00:12:38 +0000 http://www.anti-aging-information.com/wouldnt-obamas-plan-to-raise-corporate-taxes-result-in-higher-prices-and-more-unemployment/#comment-1208 YES. Kudlow is right. The ultimate source of taxes is the consumer - us! YES. Kudlow is right. The ultimate source of taxes is the consumer – us!

]]> By: Michelle S http://www.anti-aging-information.com/wouldnt-obamas-plan-to-raise-corporate-taxes-result-in-higher-prices-and-more-unemployment/comment-page-1/#comment-1209 Michelle S Sat, 30 Jan 2010 00:12:38 +0000 http://www.anti-aging-information.com/wouldnt-obamas-plan-to-raise-corporate-taxes-result-in-higher-prices-and-more-unemployment/#comment-1209 No the opposite. McCain's plan would result in higher prices and unemployment. How do I know? Because he has the same plan Bush did. And just look at the last 8 years. No the opposite.

McCain’s plan would result in higher prices and unemployment. How do I know? Because he has the same plan Bush did. And just look at the last 8 years.

]]> By: Citizen S http://www.anti-aging-information.com/wouldnt-obamas-plan-to-raise-corporate-taxes-result-in-higher-prices-and-more-unemployment/comment-page-1/#comment-1210 Citizen S Sat, 30 Jan 2010 00:12:38 +0000 http://www.anti-aging-information.com/wouldnt-obamas-plan-to-raise-corporate-taxes-result-in-higher-prices-and-more-unemployment/#comment-1210 Two mistakes above. First, Obama is no longer proposing an increase in capital gains tax rates from 15% to 28%. Instead, he is proposing an increase to 20%. Second, Obama is not proposing to increase corporate tax rates. He's only proposing an increasing in the LTCG rate by 5% and a slight increase in the individual rates for taxpayers making more than $250,000/year. Corporations are taxed separately from their shareholders. Unlike Larry Kudlow, The non-profit Tax Policy Center is non-partisan. And here's what they concluded about the two candidates' plans: If enacted, the Obama and McCain tax plans would have radically different effects on the distribution of tax burdens in the United States. The Obama tax plan would make the tax system significantly more progressive by providing large tax breaks to those at the bottom of the income scale and raising taxes significantly on upper-income earners. The McCain tax plan would make the tax system more regressive, even compared with a system in which the 2001–06 tax cuts are made permanent. It would do so by providing relatively little tax relief to those at the bottom of the income scale while providing huge tax cuts to households at the very top of the income distribution. Two mistakes above. First, Obama is no longer proposing an increase in capital gains tax rates from 15% to 28%. Instead, he is proposing an increase to 20%.

Second, Obama is not proposing to increase corporate tax rates. He’s only proposing an increasing in the LTCG rate by 5% and a slight increase in the individual rates for taxpayers making more than $250,000/year. Corporations are taxed separately from their shareholders.

Unlike Larry Kudlow, The non-profit Tax Policy Center is non-partisan. And here’s what they concluded about the two candidates’ plans:

If enacted, the Obama and McCain tax plans would have radically different effects on the distribution of tax burdens in the United States. The Obama tax plan would make the tax system significantly more progressive by providing large tax breaks to those at the bottom of the income scale and raising taxes significantly on upper-income earners. The McCain tax plan would make the tax system more regressive, even compared with a system in which the 2001–06 tax cuts are made permanent. It would do so by providing relatively little tax relief to those at the bottom of the income scale while providing huge tax cuts to households at the very top of the income distribution.

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