In those comments he 1 – admits he wants to raise taxes 2 – that raising taxes hurts the economy 3 – he would put off hurting the economy if the economy was not doing well.

So in summary Obama will raise taxes and will purposefully hurt the economy if it is not hurting enough by some standard that only the messiah knows.

And the typical defense has been to call it all a lie because the exact rates are wrong when even the links the frist to commenters posted clearly say that it is just the rate information that is wrong and that yes taxes will be going up and up under Obama.

Just seems fishy!

For example, Ross who commented above, posted a link which admits that Obama has indicated that he would be willing to raise the tax rate on dividends just to only 28% and not 39.6%. The link also admits that under Obama who has talked about repealing the Bush tax cuts would result in a rate increase only not as high as the above info but still an increase. The link admits that Obama wants the inheritances tax so that is another tax increase. The link admits Obama wants to tax big oil (the people who bring us Gasoline) and since all taxes are paid for by the consumer that is another tax increase on us. The link also admits that claims he would raise taxes on individual retirement accounts is not all that bogus even though the site calls it a “le” because an increase in the capital gains tax would certainly effect this (see above).

This email may get some of the numbers wrong but it gets many of the basic facts right. Probably sent out by a liberal so that they could then turn around and “debunk” it. That is how they operate in that they pull stunts like this where they make outlandish claims about their own policies and then call it lies even though there is much truth to it.

On the capital gains tax Obama does indeed propose raising it: “he favors raising the top rate on capital gains from its present 15 percent to 20 percent or more, but no higher than 28 percent. And as for a 28 percent rate, he added, ‘my guess would be it would be significantly lower than that.’”

On taxing dividends the factcheck.org article indeed confirms he wants to raise those too stating, “Dividends currently are taxed at a top rate of 15 percent, and Obama would raise that to the same rate as he would tax capital gains, somewhere between 20 percent and 28 percent but likely “significantly” lower than 28 percent.”

As far as taxing IRAs, etc. factcheck.org also states that, “any capital gains or dividend income from stocks, bonds or mutual funds owned outside of tax-deferred accounts would continue to be taxed at current rates except for couples making over $250,000, or singles making more than $200,000.” Again, a tax increase.

As for the estate tax, “It was not repealed, but it is set to expire temporarily in 2010, then return in 2011, when it would apply to estates valued at more than $1 million ($2 million for couples), with the maximum rate rising to 55 percent.

Obama has proposed to apply the tax only to estates valued at more than $3.5 million ($7 million for couples), holding the maximum rate at 45 percent. McCain would apply it to estates worth more than $5 million ($10 million for couples), with a maximum rate of 15 percent.”

In other words Obama will raise the applicable value (as would McCain) but keep the tax.

You can read the rest of the factcheck.org article for more information but to claim that it has been “fully debunked” is just as misleading.

http://www.factcheck.org/askfactcheck/would_obama_tax_my_profits_if_i.html