Blog Post Round Up

October 19, 2008

  • How Much Would Joe the Plumber Pay Under Obama’s Tax Plan?: So how much would Joe the Plumber pay under Obama’s tax plan? Under these assumptions, Joe the Plumber would pay $257 more in taxes under Obama in 2009 than under McCain or current law.
  • Seattle Grocery Bag Tax Will Go to Voters: Opponents of Seattle’s 20 cent tax on plastic bags have gathered enough signatures to force a public vote on the measure, probably in August 2009. The tax had passed in July and was scheduled to take effect January 1, 2009.
  • Fact Checking Tax Policy Discussion in the Final Presidential Debate: Both candidates made many of the same dishonest and misleading statements they’ve made in the past two debates and on the campaign trail.
  • Debate Tonight: Will the Real Truth Come Out on Anything?: Through their advertisements and in their first two debates, Sen. Barack Obama and Sen. John McCain have bickered over two tax policies most frequently: Sen. McCain’s health care tax credit and the impact of Sen. Obama’s tax plan on small businesses. Unfortunately, on both issues, neither campaign has been telling the American people the whole truth. Both issues will undoubtedly come up again in tonight’s presidential debate, so I present below a reality check on the two matters.
  • Thoughts On the New Obama-Biden Tax Calculator: First, the “Obama-Biden Tax Calculator” is really a tax cut calculator, because it does not include any of the tax increases in Obama’s plan. Instead, the calculator determines if you would receive a tax cut, and if so it estimates that tax cut. The tax increases that are ignored would hit mostly higher income taxpayers (over $250,000 for joint returns, $200,000 for singles). The big problem with the calculator is the omission of Obama’s and McCain’s health care plans.
  • Is the Nobel Prize Award Subject to Income Taxation?: [U]nless Krugman donates the money to an eligible charity, he must pay tax on it.
  • New Jersey Republicans Propose Sales Tax Holiday: [I]f enacted, this proposal might be the least-bad sales tax holiday in the country. However, the proposal still is not a good idea.

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