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Any working class American that votes Republican is voting against his or her own best financial interest.
Well, maybe this information will help Mr. Wright. The Self Emloyment Tax ( which is the full amount of Social Security and Medicare that we self-employed must pay for ourselves as opposed to what employees of a firm pay.) in 2010 the rate was lowerd to 15.3%, for 2011 it is 13.3%. Then you are allowed to deduct 50% of the Social Security payment from your business's Income Tax. In addition the Small Business Act of 2010 allows the self employed to deduct 50% of the cost of health insurance from the Income Tax side of your taxes. Also, when an employer pays their half of an employee's SSI, those payments are listed on the ledger as a business expense and therefore not part of the net number used for Income Tax purposes. Finally, the SSI side of the Self Employment tax is for the first $106,000 of income - you pay no additional after that threshold has been reached. Now the real point of my comment - the reduction of the taxes and the passage of The Small Business Act were passed by Obama and the Dems over strenuous GOP objections. So right now, for me, Obama and the Dems are the lesser evil. I agree with Mr. Wright that this all needs simplification.
Times have changed, for in the 80's I was a Republican and Regan fan, however switch when it came down to personal issues. The problem I have in my 40's plus years of life is that I know all of these political parties, which is a weir name in my opinion, Grand Old Party and truly they do put on the best parties with open bars and food flowing into the hall ways, along with their Lobbying Groups or Non-Profit Political Machines ready to sell their wares or issues for all are exploiting some kind of group issue and sooner or later truns the issues into a brand or Holy Right of Dourine for their group. For instance conservative and Liberia do not mix in my politics, for when I think of Right or Conservative then I think… do we want to go back to righteous traditions of stoning women for being out of line or for not abiding men in sex and as property. When I think of Liberal or Liberian in a concept, then I think of the country of India and the liberal business model and social structure, where herds of children beg in the street for money, clothing, housing and medical care, while the well feed drive in the common Mercedes Benz to their estates. Exploiting the Black Community is not new, for all parties are branding a power group to speak for the people in these years of political theater; however the new part is that the Northern Educated Black people are in part running the parties. I like both Cain and Obama and I like their politics and look forward to the debates, if it is to be so. My father was a White Republican and he would vote for Cain and Grin-Rich ticket on the principles of him not having to pay the government more money and less government involvement in his life and I must add I considered my father a Compassionate Conservative for no stoning of women was taught in his house. He had a small business and the 17 percent self- employment tax is a cash flow vacuum in a small business, along with health insurance cost for employees. The social issues and tax structure change within the 999 plan or flat tax or Fair tax where one pays as one spends is a hot button for many, in seems to keep more of their money in the people’s pockets and less to wasteful government spending and not to say, burring the current IRS structure. I would say that all are good concepts in overhauling the IRS out dated systems. The Raging Elephant is the IRS Elephant and needs to be address and I personally look forward to the debates of changing of these structures. Let the games begin for all colors of people are welcome and no big deal to me
Robert-Lee Thomas
Most Blacks like myself are Democrats and reasonabily been so since the Kennedy administration. Unlike us thirty years ago our children, the majority are into college and they may leave home as a Democrat but likely to return as a Republican. This is due to the ideaologies of the Teachers and Professors. This in itself have had a deep separation politically of the Black Family unit. A small percentage of Blacks are weak and vulnerable to what the white media reports daily and this is Blacks from all walks of life. I may say that some old white Democrats from from the past like Harry Reid is the one who would have voted against Civil Rights Laws. This is why some Democrats in Obama administration votes against his policies, but he chose them. Why??????
November 3, 2011