what about the $200,000 tax break for the family?

[yorkie]

Isn't it supposed to be $250,000? Or did I miss something?

[polichick]

1. I caught that too - thought it was $200,000 for one person, $250,000 for family.

[Indiana_Dem]

2. I believe if you make between 200k-250k there is no change.

Looking at a graph I have in my memory, if you make something in between those numbers, you don't get a tax increase or decrease--everything stays the same. Don't quote me on that but that's what I understood.

on edit again: it's not really a tax increase for those over 250k but he will actually "roll back" the tax break back to the way it was under Clinton. I believe it was said it was actually about the same or less in tax than under Reagan for those making that much money.

[Connie_Corleone]

Those between $200,000-250,000 will stay as they are.

Those under $200,000 get a tax cut.

[quakerboy]

3. Yes, if elected, McCain will be giving himself a 200k+ tax break

What of it. Thats how Republicans roll

[iceman66]

16. Actually more like $750k for him and his wife.

[quakerboy]

22. My bad. Thanks for the correction

[HughMoran]

4. Are you worried out this? Do you make $225,000? You do realize it's flat there

i.e., no tax increase?

What is your point?

[PolNewf]

5. His promise is no new taxes for less than $250,000

Actually $200,000 for individuals, $250,000 for families.

[stillcool]

20. under 200,000 gets a cut..

between 200-250,000 stays flat, and over 250,000 goes back to the tax rate of the Clinton years..or pre-Bush.

[FrenchieCat]

6. Yeah you missed Tax comprehension 101.

How much is McCain going to cut you taxes by, do you know?

If you don't, go here: http://taxcut.barackobama.com/

[scheming daemons]

7. Yes, you missed something.... it was ALWAYS $200K..those between $200K-$250 get no INCREASE

But I suspect you've come to DU with an "agenda".

[H2O Man]

8. You forgot Poland

[HughMoran]

14. .

:rofl:

[yorkie]

9. oops-bad typing

It was a typing mistake!I meant break for families making $250,000 or less.

[BlooInBloo]

10. Yes, you did.

[HughMoran]

11. Your taxes won't go up unless you make more than $250k, will be cut less than $200k

Simple.

[AuntPatsy]

12. I have a pretty good feeling that you don't make near the 200 mark never mind

the 250, I am well above both and I for one have NO problem in paying more taxes....as with most of us and thats a fact, we waste so much, I would much rather it be going to people who need it, I voted for Obama Biden and am very proud to call myself a real American, one who cares about all of us, not a select few...

[yorkie]

18. Taxes

I am just working as a volunteer on the campaign and needed to check.

[rateyes]

13. Tax break to $200,000 and under. 200K to 250K stay the same.

250,000+, Thirty dollars more per thousand.

[janx]

15. Actually, it's $190,000 per household, per year,

but who is counting?

:rofl:

[rucky]

17. Tax breaks end at 200K; rollbacks start at $250

so depending on what he's talking about, those are the benchmarks.

[jenmito]

19. I found a VERY recent article where the author of it says tax cuts for those making less than $250K:

"He notes his tax proposals would reverse cuts passed during the Bush administration for the wealthiest taxpayers and use the revenue to cut taxes for workers earning less than $250,000 a year. Obama says that means a tax cut for 95 percent of taxpayers. McCain wants to extend all the Bush-era tax cuts, including those for wealthier Americans, and says allowing any to expire would amount to a tax increase."

http://www.northjersey.com/news/elections/Obama_gives_critique_of_McCain_tax_plan.html

[yorkie]

21. Thanks for clearing that up for me

It was a wonderful half hour "infomercial"-let's hope it persuaded those undecided voters to vote for Obama- there are a lot of "undecideds" out there.