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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Wednesday, October 29, 2008

Your Taxes......

According to the anti-Christ, oh, sorry, the Obamessiah, 95% of Americans will get a tax cut. This is just not true. Lets look at some of the facts. When the Bush cuts expire, we will see these tax increases for middle class taxpayers.....
For a married family, filing jointly and earning $75,000 a year, this increase will be $3,074. For those making just $50,000, this increase will be $1,512. Despite Senator Obama's claim, even struggling American families making just $25,000 a year will see a tax increase -- they'll pay $715 more in 2010 than they did in 2007. Across the board, when the tax cuts lapse, working Americans will see significant increases in their taxes, even if their household income is as low as $25,000. See the tables at the end of this article.
(From here) So families making $75,000 will see their taxes increase by over $3,000 upon expiration of the Bush tax cuts. So, he says that he will not raise your taxes but will let the Bush cuts expire. Its a semantic argument.

So, when the anti-Christ argues that he will raise taxes only on people making more than $250,0000, he does not count his plan on raising taxes for Social Security on those making between $94,700 and $249,999.99. So this is not a tax increase?

Tax increases are planned for capital gains taxes and for anyone that owns stocks and still have gains, these taxes go up? And I am not even sure what the plans are for dividends. Taxes will probably go up for those too as the Bush cuts expire.

Taxes will rise for corporations. Corporations in the US pay among the highest taxes in the world. Even communist China has lower taxes for companies than the US! So, The One's hostility towards corporations will continue the shift of corporate investment away from the Us to lower tax jurisdictions. This hostility to the companies that employ our workers is mystifying. Also, higher corporate taxes will raise prices ultimately for consumers. A hidden tax increase for the middle-class.

So, do you rally think that he will cut taxes for the middle class? You are all suckers. He will not!!!!

Good luck.


At 11:06 AM, Anonymous Anonymous said...

Obama 08....and for life.
Paying taxes is patriotic.
Get with the program and vote for patriotism, vote for Obama/Biden and be a good citizen.


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