June 24, 2008 1:07PM

Dissecting the Presidential Hopefuls Tax Returns

By Alexis Glick

Today on Money for Breakfast we dissected the tax policies of both presidential candidates by looking at their individual IRS returns. It tells a fascinating story and gives you some insight into why they have very different tax policies. This was a great segment. Roni Deutch, the famous tax attorney joined me. She is full of life and energy and knows how to make tax talk fun.

Enjoy. I learned a lot. Hope you will too!!!

3 Responses to “Dissecting the Presidential Hopefuls Tax Returns”

Comment by stephenlee

Jun 24th, 2008 at 4:03 pm

Corporations pay no taxes. It is passed on to us as a cost of doing business. Candidates tax proposals and what gets enacted always are very, very different. They say what youwant to hear and then do what they want when elected.
Comment by Justin

Jun 24th, 2008 at 11:26 pm

People actually pay taxes? I stopped a while back. For those of you who aren’t as bold as I am (I wrote exempt on my employer with holdings form), there are all kinds of ways to shelter your money from the IRS. Read, research, learn, and read some more.
Comment by Art

Jun 25th, 2008 at 4:44 pm

Wow, that tax attorney eats her Wheaties! The death tax and AMT are both evil and should be completely abolished from the tax code. McCain, for all his admitted lack of understanding of economics, has a better plan as far as the general economy.

I like keeping the capital gains tax rate at 15%. I like lowering the corporate rate to 25%, which has already been done with great success in other countries (and would make our US-based companies more competitive). We could probably increase taxes on the very wealthy and not harm the economy, and that should probably be done as well.

Obama’s plan has relief for a the middle/low income groups. I think his plan does damage with leaving our corporate tax rates high, nearly doubling capital gains, removing the cap on Social Security taxes, which pounds small businesses hard, and of course the govt. health care plan, which is adding another huge entitlement program on top of the big 3 we have now.