Tax tax tax tax tax tax tax tax tax tax tax tax tax tax tax tax tax tax tax tax tax

[sgreger1]

Coming in a few months:


1. The lowest bracket for the personal income tax is going to increase from 10 percent to 15 percent.

2. The next lowest bracket for the personal income tax is going to increase from 25 percent to 28 percent.

3. The 28 percent tax bracket is going to increase to 31 percent.

4. The 33 percent tax bracket is going to increase to 36 percent.

5. The 33 percent tax bracket is going to increase to 36 percent.

6. In 2011, the death tax is scheduled to return. So instead of paying zero percent, estates of $1 million or more are going to be taxed at a rate of 55 percent

7. The capital gains tax is going to increase from 15 percent to 20 percent.

8. The tax on dividends is going to increase from 15 percent to 39.6 percent.

9. The "marriage penalty" is also scheduled to be reinstated in 2011.

10. Dozens of health care reform taxes



It is being estimated that the total cost of these tax increases to U.S. taxpayers will be $2.6 trillion through the year 2020.



Lowest tax brackets increasing, capital gains tax increasing, dividends tax increasing, penalty for being married, tax for healthcare? Can someone explain to me how this only effects the rich like I keep hearing everywhere in the news?



And lets not forget about all the other taxes Americans already pay

Accounts Receivable Tax
Building Permit Tax
Capital Gains Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Court Fines (indirect taxes)
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel permit tax
Gasoline Tax
Gift Tax
Hunting License Tax
Inheritance Tax
Inventory tax IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Local Income Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Payroll Taxes
Property Tax
Real Estate Tax
Recreational Vehicle Tax
Road Toll Booth Taxes
Road Usage Taxes (Truckers)
Sales Taxes
School Tax
Septic Permit Tax
Service Charge Taxes
Social Security Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax
Telephone usage charge tax
Toll Bridge Taxes
Toll Tunnel Taxes
Traffic Fines (indirect taxation)
Trailer registration tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft registration Tax
Well Permit Tax
Workers Compensation Tax

[MGX]

What lies, Obama said he wouldn't raise taxes on those earning less than $250,000 a year.

[Tobakssmak]

...If you drive a car, I'll tax the street,
If you try to sit, I'll tax your seat.
If you get too cold I'll tax the heat,
If you take a walk, I'll tax your feet.

Yeah, I'm the tax man.

[bipolarbear1968]

Keep on paying them, Sheeples...

[c.nash]

Of course.

Why wouldn't they just keep ****ing everyone?

[ratcheer]

Tax sux.

Tim

[CoderGuy]

I thought getting married was the "marriage penalty", not much more they can do to them (married folk, I am smart)

[LaZeR]

Stock up folks.

[Joe234]

Coming in a few months:


1. The lowest bracket for the personal income tax is going to increase from 10 percent to 15 percent.

2. The next lowest bracket for the personal income tax is going to increase from 25 percent to 28 percent.

x

I don't see any sources here. What's your source? Sean Hannity.

[Joe234]

Tax cuts for Dems
By Brent Budowsky - 07/26/10 07:30 PM ET

Democrats should battle to extend the Bush tax cuts for Americans in the bottom 99 percent of incomes, let the tax cuts expire for those in the top 1 percent, and enact bonus payments for military families who defend our nation and tax rebates for firefighters and police who protect our communities.

The bonus payments for military families and tax rebates for firefighters and police should land in mailboxes before Veterans Day, i.e., before Election Day.

This timing would provide the quickest stimulus to the economy, the maximum political benefit to Democrats and the greatest incentive for Republicans to agree. It would draw the line between Republicans who put the wealthiest first and Democrats who stand with military families, firefighters, police, working people, jobless Americans and the middle class.

The Congress that has sunk to 11 percent favorables in the latest Gallup survey should note that in the same poll, the military stands at the top, with 76 percent public confidence, while the police stand near the top, with 56 percent public confidence.

Across the nation there is a wholesale breakdown in public confidence in major American institutions. Confidence in newspapers is only 25 percent. Confidence in television news is 22 percent. Confidence in big business is 19 percent. The Congress that has no capacity for humiliation and no understanding of its self-interest keeps acting in the same manner that has driven its confidence levels to the fiasco of 11 percent.

Our military and police tower above Congress, television news, newspapers and big business because they have earned it.

For too long our heroic troops and their families have endured scandals of wounded troops, preventable deaths through lack of body armor and Humvees, Mafia-level interest rates on desperately needed payday loans, chronically shortchanged resources and, most recently, a Congress that put auto dealer campaign donors ahead of American heroes abused by consumer rip-offs.

For too long, the 1 percent of the nation that serves has made 99 percent of the sacrifice in war.

For too long, the wealthiest 1 percent of the nation has reaped gigantic tax cuts while the vast middle class suffers a declining standard of living and tens of millions of Americans endure a Grapes of Wrath-like battle to survive.

For too long, wealthy bailed-out bankers have kept their soaring ill-gotten bonuses with the support of Democrats and Republicans in the White House and Congress, while our troops risk their lives in Afghanistan for a nation whose president is surrounded by dope dealers and crooks.

For too long our firefighters have charged into burning buildings to save our brothers and sisters while their jobs are being cut.

For too long our police have guarded our neighbors against killers with guns, while too many are told we cannot afford their services and the tax cuts for the wealthiest continue in a political system that many American believe has lost its heart, its soul and its mind.

As Republicans plot to exploit the red-hot issue of the Bush tax cuts with a white-hot election that is fast approaching, here is where Democrats should make their stand with a courage and clarity that is long overdue.

It is time for a Democratic tax cut, the Democratic way, fighting for the vast middle class and the true heroes of the nation.

Budowsky was an aide to former Sen. Lloyd Bentsen and Bill Alexander, then chief deputy majority whip of the House. He holds an LL.M. degree in international financial law from the London School of Economics. He can be read on The Hill’s Pundits Blog and reached at brentbbi@webtv.net This e-mail address is being protected from spambots. You need JavaScript enabled to view it .


Source:
http://thehill.com/opinion/columnist...-cuts-for-dems

[SnusoMatic]

you must be mistaken about this because Oduma promised not to tax anyone who makes less than $250K a year. The tobacco tax and other increases and new taxes we already have don't count because.... well just because. i was just sure that "free" health care would not raise any taxes nor would paying for people to buy new cars and refrigerators, etc. we have some of the best leaders commie money can buy and i am just sure they won't lie to us. no i would say just sit back and relax and forget all this conspiracy tax nonsense.

[daruckis]

countrys in debt man.

[texastorm]

I don't see any sources here. What's your source? Sean Hannity.

http://lmgtfy.com/?q=2011+income+tax+rate+increase

[SnusoMatic]

to be honest. i dont like things that are going on but i am not sure income taxes are going up. i found this chart:



Source of the chart is http://www.savingtoinvest.com/2010/0...ckets-new.html

and the poster "source" seems to be http://www.prisonplanet.com/2011-the...-increase.html although sometimes Alex Jones comes up with some truth i would not assume everything he says or puts on his site is truth. maybe read what he said and check it out.

[texastorm]

The deal is UNLESS our government either keeps or modifies the Bush tax cuts they DO go back up.

http://www.fivecentnickel.com/2010/0...ome-tax-rates/

For every page you find someone saying it wont go up, you find another saying it does and why.