The Patriot's Flag

We have massive tax increases coming at us January 1st 2011.  I’m listing them so I can see what the taxes are going to do to me and my retirement income. Also, hopefully this post will be reminding everybody who voted for Obama that they voted for a fiscally irresponsible Socialist LIAR.  I’m not in that $250,000 tax bracket … and my taxes (in retirement) are going to skyrocket.

This President and the DEMOCRATS are stealing from me! They are taking the money I worked for years to put in the bank, so THEY can STEAL it and give it to people who have not worked for it.  All for getting more votes, so they can stay in power and keep stealing from the hard-working people of the USA. Thanks to “good-hearted fools” that voted for “hope and change” … now there is a hell of a lot less HOPE and the CHANGE is killing us. I HOPE the “good-hearted” DEMOCRATS vote for CHANGE in November, or we’re all going to go “under!”

THE FOUNDRY (07.27.10) : We are on the precipice of the largest tax increase in United States history. On January 1, 2011, the 2001/2003 tax relief will expire. All Americans who earn income will see their taxes go up as a result (even those who work but don’t pay any federal income taxes) unless Congress acts soon to prevent this massive tax hike.

The constant refrain from those who oppose the tax relief is that they benefited only the rich. If the tax cuts expire as scheduled, this myth will be proven untrue once and for all. But taxpayers don’t have to wait until next year to see how much bigger a bite Uncle Sam will take. The Tax Foundation recently created a tax calculator that will show them how much more they will pay in taxes next year.

The Foundry - Jobs to be lost by increased taxation by state, an interactive map. You can click on your state and see how many jobs will be lost.

What’s in YOUR wallet, what won’t be in 2011 – Click to Try the Tax Calculator

Exempt? Wanna’ Bet? Obama’s Taxes Listed for YOU!

1. Real Estate Sales tax of 3.8% buried in ObaCare bill!
2. Small business taxed at 39.6%
3. The lowest rate will rise from 10% to 15%
4. Itemized deductions will phase out (same as tax increase)
5. Personal exemptions will phase out (same as tax increase)
6. Personal income tax will rise 10% bracket rises to 15%
7. Personal income tax 25% bracket rises to 28%
8. Personal income tax 28% bracket rises to 31%
9. Personal income tax 33% bracket rises to 36%
10. Personal income tax 35% bracket rises to 39.6%
11. The marriage penalty will return from 1st dollar of income
12. Child tax credit cut in half from $1000 to 500 per child
13. Standard deduction no longer doubled for married couples
14. Impact on Child Care Credit
    
15. The Death tax will resume … 55% on estates over $1,000,000
16. Capital gains tax will rise from 15% to 20%
17. Dividends tax will rise from 15% to 39.6% with another rise of 3.8% in 2013
18. No longer can use HSA (health savings account)
19. No longer can use FSA (special needs kids)
20. No longer can use HRA (pre-tax dollars to purchase medicines)
21. No Special Needs Kids Tax Credit … (There are thousands of families with special needs children in the US and many use FSAs to pay for special needs education. Tuition can exceed $14,000 a year for such kids!)
22. Alternative Minimum Tax … will ensnare over 28 million families , up from 4 million last year.
23. Small business expensing will be slashed and 50% expensing will disappear
24. VAT Value Added Tax could happen, talked about now.
25. Net Worth Tax (tax of riches) could also happen, being talked about now.
26. Elimination of deduction for domestic production (corporate)
27. Elimination of incentives for foreign income
28. Elimination of incentive for oil production
29. Tax on Medical Device Manufacturers
30. Raise “Haircut” for Medical Itemized Deduction from 7.5% to 10% of AGI
31. ObaCare – Individual Mandate Excise Tax
32. ObaCare – Employer Mandate Tax
33. ObaCare – Surtax on Investment Income
34. ObaCare – Hike in Medicare Payroll Tax
35. Tax on Indoor Tanning Services
36. ObaCare – Excise Tax on Comprehensive Health Insurance Plans
37. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D
38. Blue Cross/Blue Shield Tax Hike
39. Excise Tax on Charitable Hospitals
40. Tax on Innovator Drug Companies
41. Tax on Health Insurers
42. $500,000 Annual Executive Compensation Limit for Health Ins. Execs
43. Employer reporting of insurance on W2
44. “Black Liquor” tax hike
45. Codification of the “economic substance doctrine”
46. Medical Threshold to Increase in 2013
47. Tax on gold sales and purchases
48. How the Obama Tax Hikes will Affect you! (Heritage)
    

(If you find one I’ve missed,  send url HERE and I’ll add it)

Democrat's Economic Train Wreck!

Which taxes affect you? Remember, if business or corporate taxes go up … they don’t pay those taxes, they either go out of business or pass those taxes on to YOU.  Also, if people are paying more taxes for “whatever,” then they are spending less, so what happens to the economy?

It’s a Democrat Economic Train Wreck! We have millions of people out of work, the economy is a shambles, and to solve the problem, the Democrats and the President of the United States decide the “way out” is to spend more than any other administration in the history of the world and to increase taxes on families, small businesses and corporations.  If you wanted to WRECK this country … THIS is what you would do!!!

1. The need to extend portions of  Bush’s Tax Cuts (07.08.10)
2. 6 months to go until largest tax hikes in history (07.08.10)
3. PDF List of Expiring Tax Provisions (07.08.10)
4. Liberals propose taxing the Internet (07.08.10)
5. Changes to HSAs are nothing to sneeze at (07.09.10)
6. Raising your INDIRECT Taxes (07.11.10)
7. Geitner hints tax relief of 39% group (07.12.10)
8. Price on Carbon Dioxide is just a big tax (07.13.10)
9. Obama Admin OK’s First Tax-Funded Abortions (07.13.10)
10. The six worst tax increases from Dems in 2011 (07.14.10)
11. Democrats seek to tax the Internet (07.15.10)
12. VAT or CROCK? (07.20.10)
13. Using Gulf Oil Spill to raise taxes (07.23.10)
14. Obama’s Tax Tsunami is coming (07.23.10)
15. New Tax on Gold Hidden in ObamaCare (07.26.10)
16. Majority of Small Biz sector facing higher taxes (07.26.10)
17. Polls show Americans tired of taxes on Gas and Oil (07.26.10)
18. I knew it, Obama to tax the Crap out of Corporations (07.27.10)
19. Peolosi’s “CLEAR” act adds $Billions, takes states’ authoridy (09.01.10)
20. Stimulus Spending – The BS our taxes pay for! (08.04.10)
21. Palin vs PolitiFact on Taxes (08.05.10)
22. Real Tax Increases, Real Consequences (08.15.10)
23. How Income Taxes will Change in 2011 (08.21.10)
24. Three Coming Waves of Taxes for YOU (08.21.10) <= 3 waves, what to expect.
25. 21 New Taxes in ObamaCare (08.21.10)
26. The Looming Obama Depression (09.05.10)
27. The ObamaCare and Obama tax hike, double whammy on Seniors! (09.15.10)
28. Dems: We will Hammer the Poor (09.26.10)
29. Bipartisan Fight against Obama Tax Hikes (09.30.10)
30. Obama’s Huge new tax that will hit everyone (10.11.10)

Doug Gadsden Flag - Taxes & Tea Parties!