If You Have an Income, Listen Very Carefully to Barack Obama

American Thinker ^ | 07/10/2012 | Gary Burk

[yadent]

I believe in 2013 FICA goes back up 2%, effectively wiping out much of the ‘middle/lower class’ tax extension break....

[Myrddin]

Last year I withdrew a substantial portion from my 401k and purchased land. Big tax bite, but now it cannot be taken as easily.

Have you checked for spotted owls nesting on your property? Any lynx fur? How about Sand Dune lizards? Any pools of water that might be controlled as navigable waterways? Is a big box store looking for land that would yield some good property tax revenue...think Kelo.

[llandres]

“And the administration will blame this on the Repubs. And they will get away with it.”

But it wouldn’t have to be that way IF Republicans/Conservatives would shout the truth about all this to everyone, over and over.

Of course, someone on FR recently pointed out to me that most MSM networks won’t even sell them commercial time to get their points out. I’d believe it and that’s a huge problem.

So, what to do to educate people?

[justlurking]

For those earning >= $250,000 Essentially your taxes REVERT back to the Clinton era tax rates ( from 36% to 39.5% ).

Only the top marginal rate. However, there will also be increases in dividend and capital gains taxes.

Looking back at 2003, you can see how the tax cuts affected the average tax rate for everyone:

But, it didn't really affect the share of income taxes paid by the various income groups. In fact, the higher income taxpayer ultimately paid a higher share of income taxes, at least until 2008:

[ctdonath2]

Not sure if I totally agree.

...then you proceeded to make my point. They don't want to raise money for governmental use, they want to change the power structure.

[dfwgator]

I don’t need to smell crap to know that it stinks.

[RipSawyer]

As far as the actual value in revenue of allowing the Bush tax cuts to expire, a favorite saying of my late mother would seem to apply, “It won’t be enough to last til the water gits hot.” That ain’t a lot longer than a New York minute.

[Terry Mross]

I think I heard the figure the tax on the “wealthy” will raise enough for 11 days of spending.

[RipSawyer]

“I learned better economic theory in the 8th grade.”
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I learned better economic theory than that walking behind a mule before I was old enough for the 8th grade.

[RipSawyer]

“Big tax bite, but now it cannot be taken as easily.”
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Spend much time in Fantasyland?

[Aetius]

I don’t think the GOP ever used the Kelo decision as effectively as it could have when making the case against liberal Sup Court justices.

[mo]

It ain’t about the “taxes” folks....it about your BODY/BRAIN belonging to them..the FEDS.

King George III held similar delusions.