|Jan 14, 2010, 12:29 PM|
The Obama Tax Era Begins
Oh wait, it's not a tax, in ObamaSpeak it's a "financial crisis responsibility fee". It's not surprising that the tax increases are coming, as we have seen Obama and the Democrats creating an unprecedented (Obama's favorite term) deficit in the last 12 months.
And as usual, we have class warfare, with statements like "My determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at the very firms who owe their continued existence to the American people who have not been made whole, and who continue to face real hardship in this recession."
Uh, the "real hardships" have yet to be addressed by world-traveler Obama.
And then there's the fact that firms that have repaid their TARP loans will get taxed, and firms that aren't paying back their Obama gifts will not be repaying the "American people".
BTW, the Obama Team is also talking about using the TARP funds for Stimulus II. No mention of how that's going to be "repaid" today.
This is Part One of this topic, part of what looks like will be a continuing series for 2010's fun and enjoyment. Look for more in the weeks to come!
|Jan 14, 2010, 01:11 PM|
|Jan 14, 2010, 01:13 PM|
United States, TX
Joined Jul 2003
This is more of the "Chains" that was part of his campaign pledge.
"I am going to Chain America!... and you're a Dope if you think I won't!"
People only thought he said "Change" and "Hope".
Doesn't matter, though, because it's all Bush's fault anyway. It always will be, especially during the run-up to the 2010 and 2012 elections.
Obama's bigger challenge in 2012, however, will be trying to make people to even remember the name "Bush" before he can continue to put the blame on him.
Maybe Obama is hoping that he won't have to "own" the responsibility of his own presidency until after 2016... in his wildest dreams.
|Jan 14, 2010, 03:43 PM|
Well, I got my first paycheck of the year and it is short $6.00 from last year. Thi check is for one week in '09 and one week in '10. The difference is in Federal tax. Great.
|Jan 14, 2010, 04:22 PM|
|Jan 14, 2010, 05:20 PM|
Joined Aug 2005
|Jan 14, 2010, 05:49 PM|
Everyone should adjust their withholding so you will owe the government less than $100 in April 2011. Don't let them use your money for free!
BTW, Turbotax offers a free Fed tax online program with free filing! www.turbotax.com
|Jan 14, 2010, 06:21 PM|
|Jan 14, 2010, 06:39 PM|
Joined Jan 2008
This made me laugh!! Well put HF! (Chain/dope)
I do believe bush has his role on how we ended up in the ditch. Now that Obama got behind the wheel, he just buried the car up to all four fender wells,
|Jan 14, 2010, 06:43 PM|
|Jan 14, 2010, 07:09 PM|
|Jan 15, 2010, 06:24 AM|
United States, TX
Joined Jul 2003
So this is a good time to remind everyone that if you're in a 30% tax "bracket", you're being misled becasue your real tax bracket is more in the range of 60% for the following reasons:
Building Permit Tax
CDL License Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax (Fed)
Federal Unemployment Tax (FU TA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Hunting License Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Marriage License Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road Usage Tax (Truckers)
Recreational Vehicle Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
and the list goes on and on and on....
Additionally, there's the higher prices you pay on many things because the corporations that produce or provide them are being taxed at ever higher rates, so you're paying taxes on things that you may never know existed.
The most recent push on your income is already being talked about, and don't for a minute think that anyone but YOU are going to end up paying for it:
What the Despot in Chief wants to do here is to tax the money that YOU provided in the first place so that he can collect taxes on your tax money.
We don't need no more stinkin' tea parties, we need a national time out so that all the morons in the country can be taught how (this) government really works.
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