TAX ME!!! PART TWO!!

Sens. Hillary Clinton and Barack Obama are classic tax-and-spend liberals whose proposals would, if ever implemented, take money out of the pockets of virtually all taxpayers — including low- and moderate-income Americans.Yet the contenders for the Democratic Party nomination for president continue to insist that they would merely “tax the rich” while helping those with lower incomes.We’ll see — sooner than Obama and Clinton would like.This week, both cast votes in the Senate against continuing President Bush’s tax relief package. Soon, they will be voting on a federal budget bill proposed by Democrat leaders and supported by Clinton and Obama. According to published reports, that budget bill would, if enacted, increase taxes on individuals making as little as $31,850 a year and on families earning as little as $63,700. If that’s “rich,” it will come as news to tens of millions of middle-class Americans. Liberals in both houses of Congress insist that their budget plans are needed in order to reduce federal deficit spending. At the same time, they include massive increases in spending — made possible, of course, by higher taxes. The Democrat budgets specify spending increases in excess of the rate of inflation for virtually all domestic programs. President Bush’s budget proposal, on the other hand, calls for restraint in domestic spending — and taxation.If Obama and Clinton continue to support their party’s budget plans — as they have in the past — they will expose themselves for what they are: politicians whose plans include major tax increases on virtually all Americans. Tax me!!! Please, TAX ME!!! That is what about to happen to all of America, if the Democrats are to win the 08 race. I can't see how they can have all their promises of universal health care and many other social programs payed for. Raising taxes on the rich is not enough. The middle class will have to pay a good bit more. Ask the middle class if they fill rich today with the high gas prices. The average Joe would say hell no. But, under the Democrats, Mr. Joe will have his taxes increased a good amount. Even if the middle class taxes are increase just a little bit, they need a break. Middle America is under enough pressure with making house payments, filling the car up just go to work, and putting food on the table. Do you agree?

Tax Me Part II

Mr Obama has said that he would cut taxes for the middle class, and that he would pay for his health, infrastructure and other programmes partly by pulling American troops out of Iraq and partly by increasing taxes on the rich. Sceptics doubt that pulling out of Iraq will be easy, however. And they fret that Mr Obama's tax hikes for the rich, who already pay nearly all the income taxes in America, would have to be so high that the economy would suffer. By letting the Bush tax cuts expire, Mr Obama would hike the top rate of income tax from 35% to 39.6%. If he were to let the payroll tax apply to high incomes, too, he would add another 12.4%, split between employee and employer. Add state and local taxes, which are over 10% in New York City, and marginal tax rates for the well-off would be steep indeed. This would be a 50% are more tax rate for the rich. Also, that would not still cover all that Obama is promising. Therefore, the middle class will have to pay more. Is that not a tax hike on the average Joe? Will this become a burden on the economy? This makes no sense at all. Is most of the promises Obama is making, just talk to get elected? Looks like higher taxes to come or, just more broken promises. I think a mix of both. No changes here, more of the same old, same old.

TAX ME!!

Since it's Income Tax time, here's something about your Taxes. This is interesting. Just compare the taxes.Source: www.taxfoundation.org/publications/show/151.html Taxes under Clinton 1999...................................Taxes under Bush 2008 Single making 30K - tax $8,400......................Single making 30K - tax $4,500 Single making 50K - tax $14,000.....................Single making 50K - tax $12,500 Single making 75K - tax $23,250.....................Single making 75K - tax $18,750 Married making 60K - tax $16,800....................Married making 60K- tax $9,000 Married making 75K - tax $21,000....................Married making 75K - tax $18,750 Married making 125K - tax $38,750...................Married making 125K - tax $31,250 The problem is that Obama and Hillary are going to raise taxs alot more. Free health care is not free. Obama is going to give every college student $4000 a year i.e. $16,000 for four years of school and higher if you go longer. He is going to break us. I would like to keep my money.