Comments on Saving to Inve$t: Tax Changes under McCain and Obama

Obama's tax plan will destroy the Social Security ...

2008-10-23T14:29:00.000-04:00

Obama's tax plan will destroy the Social Security system.

Obama says his income tax plan will lower taxes for 95% of Americans. There is just one problem with this, 40% of Americans already pay no income tax. Obama's response to this is that these people pay Social Security tax. Well, that's not income tax, but a contribution to their retirement plan. So if he wins and implements his tax plan, for the first time in the history of Social Security, 40% of the people who will get retirement benefits will have paid nothing for them. Social Security will then loose all pretext of being a retirement plan, and will become a national welfare program.

This will cause Social Security to lose public support in a massive way. Leave Social Security contributions out of income tax plans. If you take some peoples income taxes to pay others Social Security taxes, Social Security will be destroyed forever.

http://strategicthought-charles77.blogspot.com/2008/10/obamas-tax-plan-will-destroy-social.html

This was a great post! I really enjoyed what you h...

2008-10-13T17:34:00.000-04:00

This was a great post! I really enjoyed what you had to say!
I wanted to offer you a link to another blogger who is
doing great work. His work is about emotions, and how it
affects our financial decisions, and how the best approach
to stability in today's market is to resist letting these
emotions control our buying/selling habits. It is really
fascinating work. His name is Brent Kessel, and you can view
his blog at http://brentkessel.com/wordpress/.

Horse crap! tell the truth!!!!!!!!

2008-10-13T16:36:00.000-04:00

Horse crap! tell the truth!!!!!!!!