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Source that proves that Obama will raise your taxes to 58-60%?
Yeah, I thought so.
Maintain the current 10, 15, 25, and 28 percent rates from the 2001-03 tax cuts, but allow the top two rates to expire (the 33 percent rate would rise to 36 percent; the 35 percent would rise to 39.6 percent). Eliminate all income taxation of seniors making less than $50,000 per year.
Social Security tax would be 12.4% for income from zero to $102,000; 0% for income from $102,000 to $250,000; and 4% from $250,000 and up, effective 2018. (minimum 4% hike)
Raise the top capital gains and dividends rates to 20% for couples making over $250,000. (5% hike)
The Tax Foundation - Candidates 2008 (http://www.taxfoundation.org/candidates08/ - broken link)
In Tax Foundation Fiscal Fact No. 152, "The Effect of the Presidential Candidates' Tax Plans on Flow-Through Businesses," Tax Foundation Vice President for Economic Policy Robert Carroll, Ph.D., explains that because most small businesses are not required to pay the corporate income tax, small business income instead "flows through" to the owners who report it on their individual income tax returns. Carroll explains that with 35 percent of business taxes paid in this manner by the owners of "flow-through" businesses—sole proprietorships, farm proprietorships, partnerships and S corporations—it is important to analyze how tax increases affect the entrepreneurial sector.
Source that proves that Obama will raise your taxes to 58-60%?
Yeah, I thought so.
The corp. tax rate is 35% he will raise it to 39%. (4% increase)
He will end the SS cut off which is currently $102,000. (2-4% increase)
He is going to raise the medicare benefits to afford his universal healthcare.
He is going to raise capital gains to 28% from the current 15%. 35%+15.3+the additional taxes from Obama of at least 8%=58-60%.....QUESTIONS OR CAN YOU FOLLOW THE SIMPLE ADDITION!
Don't even get me started on the whole $250k down to $200k down to $150k.....so now every couple making more than $200k/year will see a tax increase and Biden said $150k?????? Do you left wing nutjobs see a pattern forming?
Quote:
during an interview on NBC's Meet the Press, Obama said subjecting more of a person's income to the payroll tax is the option he would push for if elected president. And he has said, and I think a lot of us who have been fortunate are willing to pay a little bit more Obama said.
But one aspect of Obama’s tax plans have been ignored. See, Obama and his comrades are also promising to let the Bush tax cuts expire. If that happens, we’d see massive tax increases for Americans making as little as $50,000/year.
So how does Obama get away with claiming that nobody under $250,000, $200,000, $150,000/year? Because Obama and the Democrats don’t consider letting the Bush tax cuts expire a tax hike.
Despite the fact that if they expire people making as little as $50,000/year would see a tax increase of about $1,512/year.
Obama’s plan to raise taxes on households making more than $250,000 will raise taxes on most small-business profits in America.
What type of tax rate are we talking about? Currently, S corporations face a top tax rate of 35 percent, Under Obama’s plan to let the scheduled 2011 tax rate hikes occur, and his plan to raise the self-employment tax on those making more than $250,000, the S corporation rate would rise from 35 percent to 39.6 percent. The sole proprietor and partner rate would rise from 37.9 percent all the way up to a staggering 50.3 percent. Many Democrats in Congress have proposed making all small businesses (including S corporations) pay this 50-plus percent rate. A small business tax rate that high would be the highest marginal rate faced by them in nearly a quarter-century.
Let me know what else I need to educate you on. How do you like living on my tax dollars? As you need me to get the information for you I assume that you don't work and live off of others too.
Source that proves that Obama will raise your taxes to 58-60%?
Yeah, I thought so.
It's like talking to a child
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