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Geoff Gibson
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Posted: 17 October 2008 at 8:12am | IP Logged | 1  

While we're at it, how can 95% of the people get a tax break under Obama?  There are many people who don't pay taxes or get every penny they pay in taxes back in their tax return.  How are those people getting a tax break?

Is it because they'll get a refund of more than they paid?  That's a great plan.  Take tax money from those who did pay and give it to those who didn't.  No one should ever be able to get a tax return that exceeds their taxes paid.

Not sure of the specifics but I think you are focusing only on the percentage change of tax.  So say the taxable rate is increased from 17% to 20%.  So you see an increase there -- but where those people may see a reduction in their taxes is the in amount of their income is taxed.  If less of the money you earn is taxed the percenatge of tax collected from that money may not result in a higher amount of tax paid.  Its why a credit is preferable to a deduction.  A credit lowers the amount of your income that is taxed -- a deduction lowers the amount of the tax collected.  Since tax is calculated on a percentage applied to your taxable income the lower the taxable income the less taxes you pay.  So if a credit worked to lower your taxable income 3% and the increase in your tax rate was 3% theoretically you'd pay less in actual tax dollars.  At least thats the principle I remember from my tax course in law school!

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Scott Richards
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Posted: 17 October 2008 at 8:12am | IP Logged | 2  

Oh, I have no doubt Obama is sincere about his tax cuts and I also have no doubt that by the end of his term (if elected) our taxes will be in excess of what they are now by a significant margin because he'll raise them after lowering them.
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Albert Matthews
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Posted: 17 October 2008 at 8:48am | IP Logged | 3  

So they had one of those correspondents' dinners last night where the candidates get to do stand-up comedy and the press gets to kiss their collective arse more than usual. At one point--riffing off his "Messiah" image--Obama quipped that he actually comes from the planet Krypton and was sent by his dad Jor-El to save Earth. Which wasn't a bad line. But it did get me thinking, were there ever any black Kryptonians?
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Knut Robert Knutsen
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Posted: 17 October 2008 at 9:26am | IP Logged | 4  

"were there ever any black Kryptonians?"

In the Pre-Crisis story where Morgan Edge convinces Clark to get the story of Superman's ancestors (inspired by "Roots"), one scene has one of his ancestors as a world traveller on Krypton who in one throw-away panel comes across a black race on the other side of Krypton (they are coloured black or dark brown at least). No further mention is made of them.  So yes, there were black people on Krypton, no one talks about them is all. (On Smallville there were also Black Kryptonians).

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Geoff Gibson
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Posted: 17 October 2008 at 9:38am | IP Logged | 5  

So yes, there were black people on Krypton, no one talks about them is all.

Presumably the Kryptonian Ralph Ellison would have.

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Michael Roberts
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Posted: 17 October 2008 at 9:38am | IP Logged | 6  


 QUOTE:
I'm assuming Sacramento County is in California.  That's surprising coming from a county in an overwhelmingly liberal state.


You've obviously never been to California. Los Angeles, the Bay Area, and the coastal cities between the two are very liberal. The rest of the state, including the populous Orange and San Diego counties, is red.
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Al Cook
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Posted: 17 October 2008 at 9:42am | IP Logged | 7  

That would explain all the Republican governors, then!
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William McCormick
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Posted: 17 October 2008 at 10:10am | IP Logged | 8  

People get more back in taxes now than they pay in. Between Earned Income Credit and Child Tax Credits almost anyone that has a job and lives below the poverty line and has children get back significantly more than they pay in.

Since I'm lucky enough to have a job good enough to allow me to live comfortably, this really doesn't bother me.

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Matt Reed
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Posted: 17 October 2008 at 11:09am | IP Logged | 9  

 Scott Richards wrote:
I'm assuming Sacramento County is in California.  That's surprising coming from a county in an overwhelmingly liberal state.

California has pockets of cities that are Liberal and/or Democrat (Los Angeles, San Francisco, Santa Barbara) but much of the state is conservative (San Diego, Orange County, Sacramento).  It's just that Democrats control the large urban areas where most of the votes are.  California is much more complex than a state that is "overwhelmingly liberal".

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Adam Hutchinson
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Posted: 17 October 2008 at 11:18am | IP Logged | 10  

Matt that seems to similar to my state of New York.  NY is a very "blue" state but most of that blue is concentrated in New York City and the downstate area and the rest of the state is fairly conservative.
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Mike O'Brien
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Posted: 17 October 2008 at 11:24am | IP Logged | 11  

I agree, William.  When I was a young student I was desperately poor and I took full advantage of EIC  - now that I'm very well off I'm happy to pay my full taxes and know that by doing so, I'm also helping out some other poor young student.

I have no problem with that.

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Matt Reed
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Posted: 17 October 2008 at 11:24am | IP Logged | 12  

Exactly, Adam.  San Francisco, Los Angeles, and many of the coastal cities, as Michael mentioned, are Democrat. The large population centers in California are mainly Democrat where the inland, desert, and rural communities are Republican.  But that's still a very simplistic way of looking at California politics.  Los Angeles has had many Republican mayors, we've had a ton of Republican Governors, and our state politics as a whole are all over the map.  Yes, compared to the rest of the US which has been extremely conservative for decades, California looks like a liberal bastion...an image that certainly had it's foundation in the hippie counter culture of the late 50s/60s, but live here for a while and you really understand that the state isn't "overwhelmingly liberal" at all.
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