Richard94611 wrote:
Just finished watching Romney and Obama in the debate. Romney was much smoother than I have ever before seen him -- but still lying and trying to sell snake oil deceptively.
For instance, let's look at his statement that he won't raise taxes. One of his oft-repeated goals, he has said repeatedly in past months, is that he will achieve his financial goals "without raising taxes." He has also stated that he will achieve much of this by closing "loopholes," and one of the loopholes he intends to close is the household mortgage interest deduction.
Well, now, let's look at the math. If you are buying a house and paying $1,000/month in interest, which is a low amount here in California, that means you no longer get to deduct 12 x 1,000 from your income. Let us assume you stay within the 15% tax bracket on your earnings. Fifteen percent of $12,000 is $1,800, which is the additional amount you will have to pay on your income tax. No, Romney won't raise taxes. He will achieve the same thing by not allowing you deductions you have had for years, and effectively by making you pay more.
Romney is a snake oil salesman.
Just finished watching Romney and Obama in the deb... (
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Ya right your in Ca. the people who are selling themselves down to river, by electing people like Brown, you bet i'll take your judgement LOL