That's right, boiz 'n grrlz ... what's comin' is: Obama's TAX INCREASES ... you know, that pesky 'redistribution' that Joe the Plumber brought to light in that street interview during the Campaign of '08 ... the answer that 'The UN' gave then was that he was all about 'share the wealth' ... Yeah: YOUR wealth. He's allowing the Bush tax CUTS to EXPIRE - that's an AUTOMATIC tax INCREASE ...

Next year, President Obama will ask YOU to make a sacrifice to address the fiscal crisis - he is going to raise YOUR taxes. When that happens, bear in mind that he himself HAS NOT been willing to make even a token, symbolic gesture in the direction of economy.

Bush tax cuts are going to expire....YAY!!!!

hmmm, I thought taxes were a congressional issue,,,,,oh well

here is a little more information,, for balance



Take this Reuters article published July 13, 2010, just days before Pence made his comments.

"The U.S. Congress will likely act to extend tax cuts for the middle class to avoid choking off the fragile economic recovery, key congressional Democrats said on Tuesday. House Democratic Leader Steny Hoyer said he expected the House to push to extend middle-class tax cuts before they expire at year end but suggested cutting taxes for the wealthy is less urgent. 'What you want to do is stimulate at this point in time, so you certainly do not want to increase taxes on the middle class, middle-income working Americans,' Hoyer told reporters. President Barack Obama and his Democratic allies in Congress have vowed not to raise taxes on individuals earning less than $200,000 or couples making less than $250,000."

A bill to do this is not yet finished, but spokesmen for both Speaker Nancy Pelosi, D-Calif., and the House Ways and Means Committee confirmed to PolitiFact that the legislative proposal they're working on would extend the tax cuts for all taxpayers below an income threshold

your just messing with us, aren't you?

Ill pay more taxes to help climb our way out of this economic jam,,but I somehow doubt I will be meeting the income threshhold requiring me to pay more,,,

Nope. Ain't it great??!!!

oh yea, it's great to be lied to

Who wants more Kool-Aid® while I'm up ... ? Show of hands ... You ... and you in the back ... anyone else ... ?

you guys are funny....

Conservatives are just SO much more fun than libs ...

Nothing BUT GOP propaganda here, the Dippic's tax cuts will have to run out because they cannot be funded, are deficit additions if stayed in place, and BTW were part of what ruined our economy in the first place.

For every dollar of tax cuts to the ultra-rich the economy got about $0.36 cents back....that's what happens when you give greedy people money...they don't spend it. Trickle down economics did not work for Reagan and again not for the Dippic...or America.

There are no other plans to "raise taxes on the middle class", the GOP have only lies left as a platform to run on anymore. They "Just Say No" to all recovery plans unless it's for their rich corporate friends and for what they believe is a politcal strategy to regain control,....they have no plans of their own and they've been reduced to a base of the most ignorant and gulible voters we have. Only about 20% consider themselves Republicans anymore...that's good since we CANNOT go back to the Dippic days and expect to have a sound economy.

The GOP are NOT "conservative" anymore...they're just morons in the way of progress. Village idiots without a village...a few fries short of a Happy Meal. Let's hope they NEVER regain power.

Ahhhh, THERE's that 'class warfare' thingy that the Progressive Communists are so good at ... Hey ... we've seen the 'mad Photoshop skillz' before ... it's old now ... can't you guys even be creative anymore ... ? This is so lame ...

Oh - let us know how you like your check stub after 'The UN' starts jackin' your taxes to subsidize his 'permanent vote fraud' class instead of lettin' you keep what you ... umm ... 'work' for ... you DO work, right ... ? No ... ? What a surprise ...

And you're pretty.

Demonrat-Commie same/same.

They just like screwin' us raw.

Hussein is like the macho Mex.

Dress purty, talk purty, make big promise.

Once in, he big time own yo' asss, pimp you harder, no mo' foplay.

Gee no, we had all these guys pose for this pic...rolls eyes. Again, where's your party's plan and where are the evidences that the middle class is facing a tax increase....waiting but I know it is not there.

When President Obama took office he gave us all tax cuts...and where and if I work is none of your business.

Pretty lame run-of-the mill response from the party with a big tent..lol. Ya' got nothin left that appeals to the sane.

Obama Bin Lyin'



Obama screws the middle class
http://www.youtube.com/watch?v=epNcPRkV7OE

Hmm ... Inability to think causes Progressive Communists to rely on 'outsourced reality' like DailyKOS, Democratic Underground, Huff'n'PuffPO, Salon, Slate, etc etc ...

A mind IS a terrible thing ... as your 'posts' prove ... Get a job.

Obama Bin Lyin' is in pretty good shape for being 120 years old.
http://www.youtube.com/watch?v=YXLC9reEJ4c&NR=1

LOLOLOL...the SS card is not even on the map...and how in hell is letting the Dippic tax cuts "screwing the middle class"? LOLOLOL...Say Anything..toss the feces against the wall and hope some of it sticks.

If I had to lie to defend a position I'd only be lying. Good thing for the GOP they still have the <75 IQ votes...only idiots would believe this crap that the T-baggers and racists among the GOP have to toss out...LOLOLOL

I smell Beck all over this thread...



Waiter, check please!

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:


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%



Higher taxes on marriage and family. The
“marriage penalty” (narrower tax brackets for married
couples) will return from the first dollar of income. The child tax
credit will be cut in half from $1000 to $500 per child. The
standard deduction will no longer be doubled for married couples relative
to the single level. The dependent care and adoption tax credits
will be cut.


The return of the Death Tax.
This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent
top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement
account could easily pass along a death tax bill to their loved ones.


Higher tax rates on savers and investors.
The capital gains tax will rise from 15 percent this year to 20 percent in
2011. The dividends tax will rise from 15 percent this year to 39.6
percent in 2011. These rates will rise another 3.8 percent in 2013.



Second Wave:
Obamacare


There are over twenty new or higher taxes in Obamacare. Several will first go into effect on
January 1, 2011. They include:


The “Medicine Cabinet Tax”
Thanks to Obamacare, Americans will no longer be able to use health
savings account (HSA), flexible spending account (FSA), or health
reimbursement (HRA) pre-tax dollars to purchase non-prescription,
over-the-counter medicines (except insulin).



The “Special Needs Kids Tax”
This provision of Obamacare imposes a cap on flexible spending accounts (FSAs)
of $2500 (Currently, there is no federal government limit). There
is one group of FSA owners for whom this new cap will be particularly
cruel and onerous: parents of special needs children. There are
thousands of families with special needs children in the United States
, and many of them use FSAs to pay for special needs education.
Tuition rates at one leading school that teaches special needs children
in Washington , D.C. ( National Child Research Center ) can easily exceed $14,000 per year.
Under tax rules, FSA dollars can not be used to pay for this type of special
needs education.



The HSA Withdrawal Tax Hike.
This provision of Obamacare increases the additional tax on non-medical early withdrawals
from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs
and other tax-advantaged accounts, which remain at 10 percent.



Third Wave:
The Alternative Minimum Tax and Employer Tax Hikes

When Americans prepare to file their tax returns in January of 2011,
they’ll be in for a nasty surprise—the AMT won’t be
held harmless, and many tax relief provisions will have expired.
The major items include:


The AMT will ensnare over 28 million families, up from 4 million last year.
According to the left-leaning Tax Policy Center , Congress’ failure to index the AMT will lead to
an explosion of AMT taxpaying families—rising from 4 million last
year to 28.5 million. These families will have to calculate their
tax burdens twice, and pay taxes at the higher level. The AMT was
created in 1969 to ensnare a handful of taxpayers.

Small business expensing will be slashed and 50% expensing will disappear.
Small businesses can normally expense (rather than slowly-deduct, or
“depreciate”) equipment purchases up to $250,000. This
will be cut all the way down to $25,000. Larger businesses can
expense half of their purchases of equipment. In January of 2011,
all of it will have to be “depreciated.”


Taxes will be raised on all types of businesses.
There are literally scores of tax hikes on business that will take
place. The biggest is the loss of the “research and
experimentation tax credit,” but there
are many, many others. Combining high marginal tax rates with
the loss of this tax relief will cost jobs.



Tax Benefits for Education and Teaching Reduced.
The deduction for tuition and fees will not be available. Tax credits
for education will be limited. Teachers will no longer be able to
deduct classroom expenses. Coverdell Education Savings Accounts
will be cut. Employer-provided educational assistance is
curtailed. The student loan interest deduction will be disallowed
for hundreds of thousands of families.



Charitable Contributions from IRAs no longer allowed.
Under current law, a retired person with an IRA can contribute up to
$100,000 per year directly to a charity from their IRA. This
contribution also counts toward an annual “required minimum
distribution.” This ability will no longer be there.

PDF Version Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171#%23ixzz0sY8waPq1


Now your
insurance is INCOME on your W2's......

One of the surprises
we'll find come next year, is what follows - - a little
"surprise" that 99% of us had no idea was included in the
"new and improved" healthcare legislation . . . the
dupes, er, dopes, who backed this administration will be
astonished!


Starting in 2011, (next year folks), your W-2 tax form sent by
your employer will be increased to show the value of whatever
health insurance you are given by the company. It does not
matter if that's a private concern or governmental body of
some sort. If you're retired? So what; your gross
will go up by the amount of insurance you get.


You will be required to pay taxes on a large sum of money that you
have never seen. Take your tax form you just finished
and see what $15,000 or $20,000 additional gross does to your
tax debt. That's what you'll pay next year. For
many, it also puts you into a new higher bracket so it's even
worse.


This is how the government is going to buy insurance for the15% that don't
have insurance and it's only part of the tax increases.

Not believing this??? Here is a research of the
summaries.....


On page 25 of 29: TITLE IX REVENUE
PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001,
as modified by sec. 10901) Sec.9002 "requires employers
to include in the W-2 form of each employee the aggregate cost of
applicable employer sponsored group health coverage that is
excludable from the employees gross income."


Joan Pryde is the senior tax editor for the Kiplinger letters.
Go to Kiplingers and read about 13 tax changes that
could affect you. Number 3 is what is above.