- #1
porums
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Obama -- tax free ?
[coughing]
He said he would cut down tax
[coughing]He said he would cut down tax
Is Obama's Tax Plan Really Tax-Free?
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Discussion Overview
The discussion revolves around interpretations of Obama's tax plan, particularly whether it can be considered tax-free and the implications of tax cuts for different income brackets. Participants explore various aspects of tax policy, including loopholes and corporate taxation.
Discussion Character
- Debate/contested
- Conceptual clarification
Main Points Raised
- Some participants suggest that Obama intends to cut taxes for individuals making less than $250,000 a year.
- Others argue that closing loopholes in corporate taxation would be a more effective approach, noting that many corporations do not pay income tax due to accounting practices.
- A participant references a specific article discussing corporate tax rates and the challenges in determining them due to various financial incentives.
- There is confusion regarding the original statement about cutting taxes, with some participants questioning the clarity and intent of the discussion.
Areas of Agreement / Disagreement
Participants express differing views on the effectiveness of tax cuts versus closing loopholes, and there is no consensus on the clarity or purpose of the original statement regarding Obama's tax plan.
Contextual Notes
Some statements rely on assumptions about the interpretation of tax policy and the effectiveness of proposed changes, which remain unresolved in the discussion.
- #2
russ_watters
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Is there a point to this thread?
- #3
Chi Meson
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I heard that part of the speech. What he actually said was "I will cut Texas."
This is what I was excited about
- #4
Gokul43201
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What are you talking about? Is there some specific event you are referring to? What is your point? It's not clear at all.porums said:
He said he would cut down tax
- #5
wildman
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I think he means Obama will cut taxes. Which is true for people making less than $250,000 a year.
- #6
Astronuc
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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.
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Moonbear
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porums said:
He said he would cut down tax
Please elaborate your question/point so we know what the purpose of this discussion is.
- #8
OrbitalPower
Astronuc said:
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.
- #9
porums
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I only read the newspaper's article
True, tax may be a pain for people
- #10
Evo
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With that, the thread is done.