In 6 Months, The Largest Tax Increases In History

[Mr. T]

They’re coming on January 1, 2011, thanks to the Obama administration:

 

In just six months, 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. 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%

 

That’s just the first wave. We’ll also see additional marriage and family taxes, the return of the Death tax, and a ton of taxes from Obamacare. Read the rest of the increases by clicking here, and tell me why anyone would vote Democrat in November.

[calfoxwc]

Obamao SAID that those who make less than 250,000 would not have their taxes go up one dime.

 

He has lied pretty much across the board, and has surrounded himself with

 

leftist radicals who will join right in with him.

 

They are a historically significant DiSGRACE, and this is the most

 

corrupt, UN-American and devious pres admin in our history.

[Mr. T]

I think this is only the tip of the iceberg for what he really has plans for.

 

Does anyone remember this video below?