Large Democratic Donors Help Shut Down July 4 Atlanta Tea Party
One last, last last time.
The numbers of wage earners that will end up realizing any advantage from the changes in with holding when their tax return is due in 2010 are in the low double digits. LOW double digits. Everybody else pays all, or most of it back. Obama has not lowered taxes on 95% of Americans. He has dramatically increased them on every household in the US, wage earners or not.
Having an accounting degree from a big ten university, I’m sure you’re familiar with sources on taxes, the economy – US and global – business, deficits, the difference between a tax credit and a tax cut. Sources like VOX and the Financial Times. I realize that the people who write for them only have masters, doctorates, fellowships, chairs and so on from places like Harvard, Wharton…and are certainly not up to the standards of an accounting degree from a big ten university. But even someone with an accounting degree from a big ten university might find one or two unique perspectives, perhaps a well documented graph or two. They might even stumble across a dispassionate apolitical analysis of what the numbers being bandied about lately might actually mean. Taxes, deficits, tax credits, percentages of who actually pays income taxes, who doesn’t, why there is no change in taxes paid in without changing the tax codes (which you have to do to cut taxes), why a tax credit is neither a tax rebate nor a tax cut, but taxable itself, value added taxes, end user taxes…
But then, being a graduate of a big ten university with a degree in accounting, I suppose you mastered that sort of thing as a freshman.
