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To: politicket

Tank the markets? Well, this probably won’t help:

“The legislation would for the first time apply Medicare taxes to investment income received by these households, beginning in 2013. The 3.8 percent rate would apply to unearned income such as realized capital gains, dividends, interest, rents and royalties.” (Business Week, March 22)

I believe this tax was added so as to postpone the Union payments until MUCH later.


44 posted on 03/23/2010 4:24:56 PM PDT by 21twelve (Having the Democrats in control is like a never-ending game of Calvin ball. (Giotto))
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To: 21twelve; 444Flyer
“The legislation would for the first time apply Medicare taxes to investment income received by these households, beginning in 2013. The 3.8 percent rate would apply to unearned income such as realized capital gains, dividends, interest, rents and royalties.” (Business Week, March 22)

They're pumping extra money into the Medicare "trust" fund for two reasons:

1) The "trust" fund is empty. They don't have enought funds to meet their current fiscal year outlays.

2) They want to build up the tax receipts going into the various "trust" funds so that they can steal the money for their Marxist purposes and replace it with IOUs (to be paid back by the future labor of you and your progeny).

The Federal government is trying to take the place of the consumer in our economy right now.

Money is getting destroyed at an alarming rate (credit - which is the same as money) and the consumers can do nothing about it - they're trapped.

The Federal government is trying to create new debt as fast as possible to counteract the credit destruction. Money = debt and debt = money.

The international banks are causing credit defaults in order to steal the underlying assets of the loans. The Federal government is trying to stay alive without having to give up a large chunk of its Marxist power structure.

100 posted on 03/23/2010 5:32:10 PM PDT by politicket (1 1/2 million attended Obama's coronation - only 14 missed work!)
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