Rush Limbaugh (and his imitators, also-rans and never-weres) are trying to convince their listeners--and by extension the rest of us--that President Barack Obama's new tax plan is gonna get all of us. It's the biggest tax increase in history! So much for those campaign promises!
Well, not really. Yes it's probably the biggest tax increase ever, if you count the expiration of Bush tax cuts in the mix. But look where the taxes are going to be raised. See if you have any problem with it. Next time ditto-head friend or co-worker starts bleating about the raised taxes, ask them if they fit any of these categories. Betcha they don't.
[Excerpt]
Obama's Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011
On people making more than $250,000.
$338 billion - Bush tax cuts expire
$179 billlion - eliminate itemized deduction
$118 billion - capital gains tax hike
Total: $636 billion/10 years
$338 billion - Bush tax cuts expire
$179 billlion - eliminate itemized deduction
$118 billion - capital gains tax hike
Total: $636 billion/10 years
See where the rest comes from at: ABC News
No comments:
Post a Comment
Have something to say to us? Post it here!