Here it comes

[Lundrunner]

The Democrats' legislative program has proved unpopular with voters, but we haven't yet gotten to the really unpopular part: the most massive tax increase in American history, scheduled to occur on January 1. Congressional Democrats have mostly avoided talking about it in hopes that voters won't notice that their taxes are about to shoot up. The Democrats' plan has been to defer discussion of taxes until after the election, when the lame duck session would symbolically extend a few of the Bush tax cuts while allowing the vast majority to expire.
That plan, however, overestimated the ignorance of the average voter, something on which the Democrats routinely count. A Rasmussen poll out today finds that 66 percent of voters now say taxes are a "very important" issue, up ten percent from May's survey:

So word of the impending tax increase is percolating through the electorate. You can bet that the 66 percent who think the tax issue is "very important" don't mean that they are yearning for unprecedented increases.
The New York Times, meanwhile, lets the cat out of the bag:
At a closed-door meeting of the Senate Finance Committee on Thursday, participants said Democrats were clearly divided while Republicans wanted assurances that any bill would be developed openly, allowing them to propose amendments. In a sign of how combustible the issue could be, Senator Max Baucus, a Montana Democrat and the committee's chairman, has so far refused to make that commitment.

Transparency in government? To the Democrats, that's like garlic to a vampire. But secrecy can only take the Democrats so far. The American people are waking up to what the Democrats have in store for them, and nothing can prevent that knowledge from shaping November's election.
The lowest bracket for the personal income tax, for instance, moves up 50% — to 15% from 10%. The next lowest bracket — 25% — will rise to 28%, and the old 28% bracket will be 31%. At the higher end, the 33% bracket is pushed to 36% and the 35% bracket becomes 39.6%.

But the damage doesn’t stop there.

The marriage penalty also makes a comeback, and the capital gains tax will jump 33% — to 20% from 15%. The tax on dividends will go all the way from 15% to 39.6% — a 164% increase.

Both the cap-gains and dividend taxes will go up further in 2013 as the health care reform adds a 3.8% Medicare levy for individuals making more than $200,000 a year and joint filers making more than $250,000. Other tax hikes include: halving the child tax credit to $500 from $1,000 and fixing the standard deduction for couples at the same level as it is for single filers.

[skifreek]

The few on this website who voted for this administration can surely afford this. After all, they did save $4,000 on their new car purchase and $8,000 on their first home purchase as well.




























Only to be fucked in the ass and pay five times the amount saved in new and higher taxes...



Death tax making a comeback too, i feel sorry for those that will go through a loss and knowing that the gubbernment will take almost half in taxes what an estate is worth.


Again, thank you for those on this site and around the country who voted these fucking clowns in. Here comes the 'hope and change' you voted for.

[Lundrunner]

Dividends is what our 401k's are all about. Nice work Obama