Monday, August 23, 2010

Hope And Change: Taxes Explode Jan 1

In just six months, on January 1, 2011, the largest tax hikes in the history of America will take effect.
They will hit families and small businesses in three great waves.
 On January 1, 2011, here's what happens... (read it to the end, so you see all three waves)...
First Wave
Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011.
Personal Income Tax Rates Will Rise
The top income  tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). 
The lowest rate will rise from 10 to 15 percent. 
All the rates in between will also rise. 
 Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as highermarginal tax rates. 
The full list of marginal rate hikes is below:
The 10% bracket rises to an expanded 15%
The 25% bracket rises to 28%
The 28% bracket rises to 31%
The 33% bracket rises to 36% 
The 35% bracket rises to 39.6%
Higher Taxes On Marriage And Family...
More Here..


  1. Oh yah by the way

    This is all George bush's fault @!

    ( Either One )


  2. Go to Kiplingers and read the report. You will not be taxed on the value of an employer provided health plan...yet. it does make you wonder why they want it reported if they are not going to tax you on it... but that is what the orginal article said.

  3. Taxes are simply returning to the level they were under Clinton, when no one complained.

  4. It's all just funny money anyway.

  5. thanks loser w bush, he could have done something about healthcare but did nothing, and left the borders open after 911, he really cared about this country.

  6. where is the stock market shill, the nikkei is down another 100 points right now, ride the crashing wave lol

  7. It is even worse when it is your own money.

  8. More taxes to bail out more mistakes

  9. Remember this in November. obozo is not just a liar, he is a thief in the night. Prosecute. Impeach. Contact your congress reps.

  10. Does anyone honestly think the U.S. would be better off fiscally with Republicans considering they were a disaster for 8 years as well. The sooner you realize there is no alternative the sooner you can take back your country. Democratics and Republicans are two sides of the same coin.

  11. End the democraps.

  12. It's the ENTITLEMENT MENTALITY stupid!
    It's the VOTER APATHY stupid!
    It's the UNEDUCATED stupid!

    In other words, we have met the real enemy of liberty and it's us. The disease of government and the NWO are the result of a weak host.

  13. No kidding 6:32, look at the idiots here still blaming Bush. It's always someone else's fault. Barry Sorento is no different than his supporters, always blaming others.

    A real man would shut the fuck up and get to work. Not this poser president, it's all about the vacations and perks.

  14. Obama waltzes through his term with the indifference to public opinion of a Louis XVI. He has figured that one term is enough to:

    A get a taste of real power
    B suck the juice out of the lifestyle
    C wreck the system
    D collect enough IOUs to 'Clinton' his retirement
    E bask in the adoration of his community for life


  15. Rest in air-conditioned comfort in your recliner. Time to go comewhere? Don't get up! Drive there in the comfort of your own chair. Need a drink or toilet break on the way? Don't get up! It's built right in! TV and picket fence optional. Hybrid septic-gasoline system available. Remember wherever you are, you're home in your Shithousemobile.

    Look for it wherever you see the Golden Pyramid.

  16. How ironic that the very same tax cuts the left lied about all these years as "tax cuts for the rich" will now be phased out and result in the largest tax increase in history that hurts the poor and middle class the most. If this wasn't so bad for our economy it would be hilarious. The left has torpedoed our economy and seems poised to shoot the survivors.


Everyone is encouraged to participate with civilized comments.