Both McCain and Obama will have to raise taxes to pay for programs for which the public is clamoring, whether those programs are universal health insurance, expanding the military, trying to retire the national debt, or simply trying to balance the budget.

McCain proposes to increase your tax exemption for children by something like 5/year. That’s it, if you have children you get something, otherwise not. This will increase the deficit.

McCain proposes a 00-00 "refundable" tax credit for the purchase of health insurance while apparently proposing, as I understand it, eliminating the deduction for employer provided health insurance. This is a tax increase for business to pay for a tax benefit to the public. This is, ostensibly deficit neutral.

McCain will cut the corporate tax rate from 35% to 25%. This is proposed to keep American companies on shore and to stimulate the economy. This will not keep companies on shore because the 10% tax savings on profits is miniscule compared to the as much as 80% operating cost savings of exploitation of cheap foreign labor. And since most corporations do not pay any taxes due to loopholes it is ridiculous. All that will happen is that those that are paying taxes domestically will pay less and increase the deficit.

All of this tinkering with tax cuts will result in a net tax increase because a higher percentage of the operation of government will be placed on your credit card.

Obama’s plan, a tax cut for the middle class, should be offset by rolling back the Bush 43 tax cuts for the wealthy. Curtailing tax loopholes for companies operating offshore will have far reaching effects including reducing the deficit. As far as funding for new programs goes, there is little doubt that these, like universal healthcare or improving public education and tuition programs, will go on your nation’s credit card.

What’s in it for me? After all, I’m paying for it.

Your taxes are going to go up with either Obama or McCain. For whom you vote, if that is your issue, depends entirely on how much they will go up and/or what you will get in return

Would this do more to stimulate the economy?

http://www.reuters.com/article/governmentFilingsNews/idUSN2853502020090128

(I am not sure why, but some bot deleted this question)

* Cut the lowest two income tax rates for 2009 and 2010, from 15 percent to 10 percent and from 10 percent to 5 percent.

* Extend through 2010 a patch to the Alternative Minimum Tax, which was originally designed to ensure that wealthy people pay taxes, but instead would hit millions of middle-income families with higher taxes.

* Expand the ,500 first-time homebuyers tax credit for a principal residence to all homebuyers while limiting it to purchasers who can make a down payment of at least 5 percent of the purchase price.

* Provide a tax deduction for small businesses with less than 500 employees equal to 20 percent of their income.

* Offer new tax deduction for those who do not receive tax-preferred, employer-sponsored health care coverage. And provide assistance to the unemployed who do not qualify for a COBRA premium subsidy.

* Give tax exemption on unemployment benefits and extend temporary federal unemployment benefits through 2009, phasing it out through mid-2010.

* Allow companies to write off current losses against previous tax years for up to five years. Companies now can only "carry back" losses for two years. The tax break would not be available to banks and other companies receiving help from the 0 billion bailout package.

* Extend through 2009 a break for small businesses that allows them to immediately write off up certain capital expenditures. (Reporting by Jeremy Pelofsky, editing by David Wiessler)

Starting a Semi-Pro Football Team that will be operated much like a small business. Due to the limitations of a non-profit tax exemption (would need to be in business for at least a brief period of time to be eligible) I need to know what type of expenses I can deduct from taxes.

1) League Fees: 00

2) Travel Fees: Unknown Rate, but will be a flat rate because it will be a charter bus going from our Home Field to the visiting home field. Expenses going TO the home field for the charter will not be included in the deductions

3) Office space for the hotline and computer use for generating communication between customers and the business. Also used to maintain the businesses’ website, keeping financial records, etc.

4) Field Rental. Paying the field rent for Home games. 00

5) Ticket Costs. Paying for the printing of Tickets used for sales. 0

6)Equipment. Equipment for each player costs about 0. 0×40 = 000

7) Jerseys and Uniforms. 0 each player, 100×40 =00

Players will sign a release of liability to the team with proof of thier own health insurance.
Also I didnt mean to ask if anybody needed help, I am the one needing help heh