Obama’s Tax Increases

Ken McCracken • May 23, 2009

We should sacrifice so government employees don’t have to.
*Higher Income Tax Rates on the Highest Two Brackets.
*Higher Tax Rate on Capital Gains.
*Phaseout of personal exemptions and itemized deductions. Why does Obama hate Charities?
*Eliminating LIFO Inventory Valuation Method so nominal gains on inventory due to inflation gets taxed.
*Higher Corporate tax rates. We’re already about the highest in the world
Of course all of this will lead to stagnation at the same time Obamanomics is bringing life to the inflation monster.
Back to the 70′s with stagflation.

Tags: Economy

http://www.valleydeals.com/cgi-bin/board2/YaBB.pl Kevin
realtor

I can’t wait to see which 95% of the people who will get a tax break! It is going to be more like 95% of the people will be paying 95% of every dollar they make in taxes!
Flickertail

Ok Jack, if 20 or so percent of the US smoke, the federal tax on Cigs has gone up by 80 cents per pack. So where is the 95 percent now? And my measly 400 dollars on average we are getting won’t help anything, at least I can buy a few more cigs.
Jack

95% of Americans will get a tax cut under the Obama plan, but you’re terrified that Paris Hilton might have to pay a little more.

What a fucked up value system you people have.

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Obama’s Tax Increases

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