News Is Obama's Tax Plan Really Tax-Free?

[porums]

Obama -- tax free ?

[coughing]
He said he would cut down tax

 

[russ_watters]

Is there a point to this thread?

 

[Chi Meson]

I heard that part of the speech. What he actually said was "I will cut Texas."

This is what I was excited about

 

[Gokul43201]

[coughing]
He said he would cut down tax

What are you talking about? Is there some specific event you are referring to? What is your point? It's not clear at all.

 

[wildman]

I think he means Obama will cut taxes. Which is true for people making less than $250,000 a year.

 

[Astronuc]

Closing loopholes would be better. Apparently about two-thirds of corporations pay no corporate income tax, because they can use accounting tricks to write off expenses that are not really expenses. I'll have to dig up the article.

 

[Moonbear]

[coughing]
He said he would cut down tax

Please elaborate your question/point so we know what the purpose of this discussion is.

 

[OrbitalPower]

Closing loopholes would be better. Apparently about two-thirds of corporations pay no corporate income tax, because they can use accounting tricks to write off expenses that are not really expenses. I'll have to dig up the article.

I agree. And Gokul43201 posted an article about it on page 5 of the "What GOOD has George W. Bush done for the USA..." thread:

https://www.physicsforums.com/showthread.php?t=249101&page=5

article:
http://www.cbsnews.com/stories/2008/08/12/national/main4342535.shtml

As Gokul notes it's really hard to determine the tax rates of the corporations with all the perks, subsidies and corporate welfare they receive.

 

[porums]

I only read the newspaper's article
True, tax may be a pain for people

 

[Evo]

With that, the thread is done.