Who's really conservative?

I was just watching the 5:30pm national news and they laid out the differences between Obama's tax plan and McCain's tax plan.

Before I talk about the differences I'm very disappointed in the so called talk radio host such as Dave "I filed bankruptcy but you shouldn't file" Ramsey making statements that Obama is a socialist!

For a man that touts paying your debts, he needs to do his homework about who's a socialist!

We have reached a point in America where we need to pay our bills and not leave this mess for our children and grandchildren to pay off.

Under Obama's plan our national debt will rise by $3.5 trillion dollars.

Under McCain's plan our national debt will rise by $5.5 trillion dollars.

Under Obama's plan we will actually start a pay as we go formula and this will allow us to actually start pay down our debt as new revenue streams start to evolve. And they will evolve regardless who is the president.

I use to co-sign to the trickle down economic theory, and after very deep thought it honestly doesn't work.

I personally know 14 multi millionaires and some might consider me one, but they / we don't really run our businesses they way it's explained on the news reports.

No one wants to pay taxes and we all want to pay less taxes, but if you think that business people base their business on what they will pay in taxes I have a bridge in the dessert to sell you!

Let me give you one of my real life examples that I'm going through right now! In Feb. 08 I pulled all of my money out of the stock market and I decided to invest in real estate.

I paid a tax for taking the money out. On just one of my deals I will make $115,000 of that I will profit $75,000.

I will pay 15% capitol gains tax on the $75,000 which is $11,250 that leaves me $62,750 cash in my pocket. So I will have my initial $40,000 back + $62,750 in my pocket. That's $102,750!!!!!
For only a few months work.

Something they don't want you to know and its mainly because most people don't have the opportunity to make this type of money they usually win money or know someone that won money and they see the taxes taken out immediately.

There are several tax deductions that frankly rich people don't want you to know about. For example there is a loop hole that will allow me to place the $75,000 in a specific account and not pay the capitol gains at all!

There's also a loop hole that allows me to place all of my income in an account and pay no taxes at all.

A local car dealer a few years ago took alot of heat because he earned $1,000,000 YES 1 million dollars and paid no taxes on that money at all.

Do you think that the money trickles down? Ofcourse not. What we do is we try to make more money and we do that by expanding. But that has nothing to do with taxes that has to do with having a good product and services for the public.

There is a level of responsibility that we must adhere to! Years ago the state of Wisconsin prison system offered to print my weekly publication for about 40% of what I was paying. That's a 60% savings.

I didn't just think about the saving like most, I thought about the workers at the printing plant I was currently using. I thought about the owners of that plant and how they treated me with respect when my publication was a tiny 8 page magazine and how they continued to treat me with respect as my magazine grew to over 100 pages per week.

I'm curently profiting 70% so I could probably profit 90% if I was to use there services, but what would I be promoting?

*prison slavery - the same prisoners couldn't get the same opportunity to work for a printer after they exited prison.

I just couldn't do it, I have a conscious!

To sum it up...don't believe the hype that these so-called debt talk show host try to sell you because they don't want to see a president that looks different than them.

Don't believe the hype about how rich people decide to invest in the market.

Don't forget to share your stories about debt.
visit http://www.therealdebtsolution.com