My wife tells me that the Obama-Biden Tax Calculator
has all the girls at work in full swoon. First, how does Obama
get away with calling it a "tax savings, " since 30% of the people who
will get at least $1000 don't pay tax to begin with? It's a
spending plan. But this is what I really don't understand.
Isn't this really a Bribe-O-Meter? How does it differ from
me walking into a bar and offering $1000 to anyone who votes for Obama? I know it goes on, to some
(lesser than $1000) degree, but it's illegal. Obama is doing it in full public
view.
As we learned yesterday, just by letting the Bush Tax Cut expire, which Obama has said he will do, a married family,
filing jointly and earning $75,000 a year will see a tax increase of
$3,074.
If you own, say, a small pizza joint, your small business tax rate of 54.9 percent will be the highest level since the Carter Administration.
Senator Obama
has also said that he will raise capital gains taxes from 15 percent to
20 percent. If you cash in your IRA. or change investments, you'll pay
an additional 33% tax on retirement profit.
Finally, Obama's biggest tax targets are American corporations.
What do we know about taxing business boys and girls?
That's right. They raise prices to cover the cost. And what
if the higher prices cause them to lose business, and fold, or leave
the country? That's right. No income for you.
This is the real Obama-Biden Tax Calculator
Close, spin, and grit your teeth.
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Mine said "You will probably not get a tax cut". Probably Not? Probably?
ReplyDeleteI predict that in one year you will be a little more careful what you post on your website.
ReplyDeleteAny Cuban ex-pat will tell you that by that time its too late. The Cubans I know here in S. Florida are saying "damn, here it comes again".
I won't have to be careful ... the blog will monitor/edit content under threat of fines. Blogger will do that without threat.
ReplyDeleteMy tax savings under Obama's plan -- $0.
ReplyDeleteThat bastard.
Word Verification: carve
Anonymous,
ReplyDeleteIf Obama wins Castro/Chavez et al will prolly be frequent guests at Lincoln's Bedroom.
Willingly surrendering your freedom, and that of your children, for money makes one a whore.
ReplyDeleteHmm...
ReplyDeleteGiven what you've said, the picture should be of a semi-automatic with a single round in the slider rather than a revolver.