Obama - Your Rebate - Your Taxes - Double Talk

1- Obama’s MIDDLE CLASS tax rebate is just that. It is not a true tax cut as the tax charts are not being changed.


2- Obama’s MIDDLE CLASS tax rebate has not been promoted to be more then maybe a one shot deal. After 2008 tax filings it will be gone. That is why it is called a TAX REBATE and not a TAX CUT! Listen to his ads and him speak.


3- Regardless of what independent tax information you use you will find that nearly 33% of all people filing tax returns end up paying no federal tax when their federal tax return is completed April 15th .


4- About 25% of all filing tax returns end up getting more back from the government then they paid in income taxes all year.


5- While Barack Obama says he is going to tax the rich more, which is true it, does not tell the entire story. It makes good campaign talk.


6- On your tax return you see that you have paid $1700 over the course of the year. With your credits you will get $300 back. So you will end up paying $1400 for the year. Then you will get a $500 TAX REBATE at some later date. This brings down your net federal tax to the federal government to $800.


7- Your $800 goes into the big federal checking account, along with the 66% of the other people who end up paying any federal taxes each year. This becomes one big pile of money to operate the entire federal government.


8- Now the federal government starts writing the checks for the rebates. Well you only get your $500. Part of your $800 you paid over the year goes to the 33% that ended up paying ZERO income taxes for the entire year.


9- In fact you are going to really help out the person with two children that makes $20,000 a year. They will pay no federal tax for the year. What was taken out of their paychecks during the year will be returned with their filing of a tax return. If this person is divorced, their former spouse pays any amount of support, the ex spouse pays the rent, and the ex spouse covers the children with health care. This person will be getting $1,379 tax rebate.

You can go to http://taxcut.barackobama.com/?source=sem-pm-fts-tc-search-us&gclid=CJWNwq2nr5YCFQ0xawodziDALg and verify it for yourself. Enter $20,000, with 2 dependents, and you pay some form of child care.


You bust your butt all year and end up paying a net $800 to the federal government. The person who is used as an example above will be $1,379 on the plus size. Therefore they are $2,179 dollars a head of you on April 16th. So run to your nearest voting booth and cast a vote for Obama. You will have just voted for socialism!