Friday, September 3, 2010

The Largest Tax Hike in History

Happy Friday - Now F*** You! (Love, the FedGov) - Part 1

120 Days to Go Until the Largest Tax Hikes in History

I'd just like to thank the idiot Democrats in Congress for making sure that the economy is stimulated by making sure that even more of what EVERY taxpayer makes goes not into their pockets, where it can support their family, but into Government, where it can be wasted by a bunch of chimpanzees with no impulse control.

From the article:
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 higher marginal 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%

Get that? If you pay any Federal Income tax AT ALL, your taxes are going up. Remember the Idiot in Chief while he was campaigning?

That's called a bald-faced lie, and every one of you who voted for him is complicit in this travesty.

Then there is Pelosi:

So how do you square that Pelosi? You're a traitor and a liar.

Read the entire article linked above. Between Obamacare, expiration of the Bush Tax Cuts, the complete failure of Congress to address inflation with the Alternative Minimum Tax, upping it's draconian application from 2mil to 28mil families this year, the Federal Government is an epic train wreck. Great job CONgress, now **** off.

No comments:

Current Quote

"I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." – Thomas Jefferson