24 July 2010

We're All Honkies Now: Monstrous Obama Tax Hikes Soon to Bleed this Country White

If you think the economy's tanking now...
Just wait until this hits the fan on December 31st -less than 6 mos from now: huge tax increases that will not only crush our frail economy, but go-against hours of hopenchangey hogwash and unambiguous prior Obama pledges to not increase taxes "one dime" on the middle-class (some would call them "lies").  In reality, the working-poor, families, and investors in our economy will actually be getting soaked he worst: 

Personal Income Taxes:
10% bracket goes to...      15%         Increase: +50%
25% bracket goes to...      28%         Increase: +12%
28% bracket goes to...      31%         Increase: +11%
33% bracket goes to...      36%         Increase: +10%
36% bracket goes to...      39.6         Increase: +10%

Capital Gains Tax: 
Now: 15%   Dec. 31st: 20%   Increase: +33%

The marriage penalty returns... as does the Inheritance Tax... at a wealth-redistributing 55% for estates over $1M

Dividends: 
Now taxed at 15% jump to 39.6%... a +164% increase
And that's not all: there's two more waves of tax hikes coming down the pike already to pay for the largely-unwanted ObamaCare power-grab, along with all the rest of these power-mad fiends' pedal-to-the-metal spending, legislative bribes, and political-backer payoffs... which tripled the annual deficit for 2010.
xxx
So limousine liberals, you had your fun... and probably almost broke your arm patting yourself on the back after you went out and cast your vote for Obama.  Now you self-righteous posers are getting what you deserve.... Dear Leader is going to tax the crap out of you.
xxx
Anybody else still voting Democrat this fall -seriously- ought to have their head examined... or just move to Cuba already, the rest of us want our country back-

Investor's Business Daily via Moonbattery






10 comments:

Maggie Thornton said...

James, linked at Maggie's Notebook and as soon as I can get there, at The Lonely Conservative.

Great information. Thanks for ruining my weekend:-) #*$&^@(*#!@*%^

Reaganite Republican said...

Seems congress is scared enough now, but they most want to allow the increase on the top bracket to take effect... on the ones that hire people, basically

And Cap Gains and Divedends will surely take this hit... another smack in the face of job creation

Pelosi's only interested in saving a few seats... no clue as how to spur investment or temp any small companies to resume hiring.

And the coming waves in 2012 and 2013 are massive... when Dems have already increased taxes $670B over the last couple years!

Bob Belvedere said...

Quoted from and Linked to at:
Small Comfort
-----
It's Time To ROC 'N' ROLL:
Restore Our Constitution & Restore Our Lost Liberties

WOLVERINES!

Kristin said...

It's depressing isn't it. And now, on top of all the other "No tax increase" lies, the regime is out saying that ObamaCare is a tax so the courts can't overturn it. Arggg!!!

Reaganite Republican said...

Bob, you're a saint... and Kristin, it IS depressing- but I ain't nowhere NEAR done fighting... in a way, this opposition thing is fun! Might as well enjoy it, our side might not be out of government for decades after this epic statist debacle.

Look at Michelle Malkin today, even 20-somethings are negative on the Bolshevik Boy Wonder now...

Lee Thomas said...

Nice information.

I rather suspect that the democrats will pass on letting the Bush tax cuts expire and will defer it to after the election. They will take it up in early october and use it to show America how much they LOVE US.

Then once their jobs are secure for 2 more years they will ask us to bend over, hand us a big bottle of Vaseline and tell us..........

ITS A MANDATE......and then Blame Bush.

Reaganite Republican said...

I agree completely Lee, but I think they are now just playing a game with the GOP, by forcing them to oppose extending the Bush cuts ONLY for the middle class... painting Republicans as insisting on a cut for "the rich" in the coming campaign, nevermind that they are the ones who do all the hiring...

You ever been hired by a poor person...? Me neither!

Matt said...

Outstanding article, RR. Depressing statistics. I can't help but think that even if they extended the tax cuts, their other schemes; ObamaCare, Cap and Slave, and others (if passed) will kill the economy most efficiently.

BTW, I will be stealing that image. It's excellent.

Reaganite Republican said...

True Matt, but to me the capital gains (+33) and dividend income (up 164%!) are the real job killers... imo Reagan's cutting those is what really got our economy going for 20 yrs.

Randy-g said...

50% increase on the "little working people"? Lovely....

Post a Comment

The Reaganite Republican welcomes your comments...