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The Obama Files!
I was going to add these articles to my "Asshole Files", but this section deserves a special place all it's own. I think this section will grow about as fast as my anger with this Socialist who is tearing our country apart piece by piece. I once swore an oath to uphold and defend the constitution of the United States against all enemies, foreign... AND DOMESTIC. And I take that oath VERY seriously.
Read His Lips...No New Taxes!
M40 - February 25, 2009, 5:22pm
I’m going to keep this short and sweet, and pull no punches… Obama is LYING when
he says that no one making under $250,000 will see an increase in their taxes.
There are at least 4 different ways (so far) that he will raise EVERYONE'S
taxes, and there's probably a LOT more on the way!
Tax Increase Number 1
Obama has already said that he will let the "Bush Tax Cuts" lapse. Obama doesn't
"count" allowing tax cuts to go away as an increase. Unless these cuts are
re-enacted, rates automatically return to the year 2000 level. See? Allowing
rates to return to higher levels is not actually a "tax increase", right?
WRONG!!
When those cuts lapse, all of our taxes are going up... A LOT. For a married
family, filing jointly and earning $75,000 a year, this increase will be $3,074.
That’s $60 a week less in their paycheck, or $240 a month. There goes those
plans to get a second car for mom! For those making just $50,000, this increase
will be $1,512, or $120 a month! 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. Hey, that little Timmy from the
poor family down the street doesn’t really NEED braces, right?
Tax Increase Number 2
The next tax increase involves that pesky little tax you pay every week for the
Social Security system. Currently, there is a cap in place so that only the
first $94,700 of earnings are subject to the 12.4 percent Social Security
payroll tax. However, Senator Obama has proposed lifting that cap, adding an
additional 12.4 percent tax on every dollar earned above that cap. This will
impact all families who earn more $94,700. That's a lot of middle class
families! By the way, half of this tax would be paid by employees and half by
employers -- but employers will either cut your payroll, lay people off to
compensate, or pass along this tax to their customers through higher prices.
Either way, your life just got more expensive and complicated.
Tax Increase Number 3
Obama has said that he will raise capital gains taxes from 15 percent to 20
percent. He says he's aiming at "fat cats" who make above $250,000. However,
while only 1 percent of Americans make a quarter-million dollars, roughly HALF
OF ALL AMERICAN HOUSEHOLDS OWN STOCK! This tax increase will go after your
retirement funds. This is yet another tax that is somehow not a tax…
Tax Increase Number 4
This is perhaps the biggest way that Obama will tax every working American. He
has PROMISED to raise taxes on businesses. However businesses DO NOT PAY TAXES!
They simply pass them along to their customers. When you raise taxes on
businesses, they simply cut more jobs, and then increase prices on their goods
and services. Yes, you'll be taking home less (if you still have a job), and
everything will cost more. Sounds like fun, right?
Finally, and this isn't a tax increase, but it might as well be. Mark my
words... he's going to print a SHITLOAD of money ala Jimmie Carter. This will
devalue every dollar you own or earn, making it even harder for you to get by.
The price of everything will skyrocket. That hurts everyone, but it hurts
minimum wagers the most... and they're the uneducated schmucks who carried Obama
to office!
RETURN TO THE OBAMA FILES INDEX