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no no no orginal post was itemized deductions being taken away and all i did was point out was that totally false... he does no get rid of that at
and i will say again there is a huge difference in a credit and a deduction
no will someone please please show me where it says your abilty to tienize will go away ... first answer that
you ask 6p6 now for mine you agree with all obamas tax plan and health care plan
if BARACK OBAMA becomes president, ya he "plans" on no tax hikes which is a lie but do you know he is going to take away "ITEMIZATION" on your taxes, meaning everyone will have a flat rate deduction, no more itemizing for expenses to your occupation, business, etc. That is a HUGE tax raise. God why are people so blind by this man? His frigging cousins run horrific nations in africa, he can be seen with them in photos. his preacher is racist, he wants to give us to the muslim countries, end of the world type stuff here boys and girl,
my rant...after seeing an msn poll that said barack won the debate last night! what a crock! he couldn't even formulate answers!
Can I ask where you got the info pertaining to itemization?
Sometimes that happens in these threads, I just felt llike saying it!! And, again, show me where you got this information, or is just what you think?
You said:
omg all he says is for those people that do not itemize i know shocker not everyone itemize..... tha the will make it easier...
for those that itemize then itemize that part will never change
it does not say that directly but it also by no means at all say no more Itemized deductions
again i will do the homework for everyone
The difference is important to donors:
Tax credit - A tax credit reduces your taxes directly.
If you earn $1000 at a 10% tax rate, you owe $100 in
taxes. A $100 tax credit would reduce your taxes by
$100.
Tax deduction - A tax deduction reduces your taxable
income. In the example above, a $100 tax deduction
would reduce your taxable earnings by $100; but would
reduce your taxes by only $10.
consildating credits is very different and no where near saying getting rid of your abilty to itemize...
consolidate existing tax credits, is saying no more itemizing....thats what itemize means....consolidate means less things to itemize.....You go ahead and back obama, and you will be crying like all these fools that supported bush did a year from now
wrong look up the differnce beteeen a credit and a deduction, you are just plain wrong i am sorry i am not flaming but there is a destinct difference
where is anyone adding stuff to obamas plan and misinterpeting it. these are all facts ive posted about obamas plan
The question for you now snickers is do you agree with his tax plan and redistributing money or welfare redistribution
no no no orginal post was itemized deductions being taken away and all i did was point out was that totally false... he does no get rid of that at
and i will say again there is a huge difference in a credit and a deduction
no will someone please please show me where it says your abilty to tienize will go away ... first answer that
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