the lowest tax rate for lower wage earners is currently around 5%...
after expiration of bushie cuts, that rate will jump to 10%, effectively doubling the rate of taxation for low wage earners...
throw fubocare in on top of that and, whala...
those that voted overwhelmingly for fubo get to pay THEIR fair share...
not to mention that a fairly large group of low income workers will go from paying nothing to paying into the system once again..
oh, the irony of it all..
posted on 11/12/2012 8:57:26 AM PST
by joe fonebone
(The clueless... they walk among us, and they vote...)
Anywhere they can cut Obamacare is ok with me. Death by a thousand cuts.
posted on 11/12/2012 9:02:41 AM PST
It never was about healthcare. It is about power and control and that has been achieved.
posted on 11/12/2012 9:03:44 AM PST
And when Obammunism is fully implemented do you think all those 47%-ers will get to continue to sit on their fat asses collecting free gubmint money and talking on their free obama phow?
We will need SOMEONE to produce things when those evil 1% rich can't give any more and cant afford to hire any more
Obammunism: All the worst parts of Crony Capitalism AND all the worst parts of socialism, all rolled into one.
(i.e. Crony Communism)
posted on 11/12/2012 9:20:14 AM PST
by Mr. K
(We need a TEA PARTY MARCH ON GOP HEADQUARTERS!)
Already enacted into current law to go into effect on January 1 are increases in the top tax rates of nearly every major federal tax. That is because the tax increases of Obamacare go into effect on that date, and the Bush tax cuts expire, which the President refuses to renew for the nations job creators, investors and successsful small businesses. As a result, the top two income tax rates will jump nearly 20%, the capital gains tax rate will soar by nearly 60%, the tax on dividends will nearly triple, the Medicare payroll tax rate will skyrocket by 62% for these disfavored taxpayers, and the death tax will rise from the grave with a 57% rate increase.
Has anyone else had the idea that maybe the best thing that could happen for the long term survival and prosperity of this nation would be an encounter with the fiscal cliff? What would happen if the Bush tax cuts sunset, the Obamacare taxes and requirements are allowed to go forward, and the economy goes into a deep recession?
posted on 11/12/2012 10:14:14 AM PST
by Go Gordon
(It's barack hussein obama - because he doesn't believe in capitalism.)
One bit of good news today, JCPenney stock is tanking. Bend over for queers and you die a quick death.
posted on 11/12/2012 10:43:38 AM PST
(America: Once the land of the free. Still the home of the brave.)
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