Skip to comments.The Taxation President
Posted on 01/30/2014 5:00:38 AM PST by rootin tootin
The President started last year forcing through sweeping tax increases. The top marginal income tax rate rose by nearly 20%, to punish the most successful for the anti-social acts of working too hard and producing too much. The capital gains tax rate was increased by nearly 60%, as was the tax on corporate dividends. Americas top marginal corporate income tax rate remains the highest among all developed world economies, close to 40% on average, given state corporate tax rates as well. But those punitive tax burdens are just not enough for President Obama, who should go down in history as the Taxation President.
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I’ve been going Galt on my expenditures for about 8 years. I just started going Galt on my *taxable* income in 2011. I’ve been fairly successful without being “too” successful, if you get my drift. But it’s really amazing how it improves your life when you don’t have all that much money flowing through you. And every dollar of taxable income I eliminate is a dollar tax at the highest rate.
And I’ve given up a high standard of living for a high standard of life, though, truth be told, I really have not given up much of the former.
I have done the same. I have retained the money in the company that I own and made it more valuable. I have been very careful not to grow too much or be too successful.
Egypts Morsi and our Democrats Obama have the same Muslim Brotherhood mentality, and thus both men are opposed to the Common Law basis of American Culture.
The American-based logic system falls on the deaf ears of both men.
Both men have a Big Picture mentality of destroying their existing societies in order to establish their version of the Muslim Brotherhood System of governance.
Their responses during and after the 2012 Benghazi Murders were the most revealing insights into their shared Muslim Brotherhood values.
Neither Morsi or Obama can be reasoned with by their countrymen. Their Muslim Brotherhood Mentality prevents them from doing so.
Egypt has figured all this is out, when will America do the same?