The Obama/Socialist Democrats tax hikes are coming!

Posted: December 4, 2010 in Barack Obama, Congressman Sam Graves
Tags: , , , , , ,

Happy Holidays and give us your money. A public service announcement from the Socialist Democrats in WADC and their ring leader Barack Obama!

Just thought I would help put you in the spirit of giving! Thanks to Congressman Graves for sending this in his most recent newsletter.

On December 31st, the current tax rates will revert to the old tax rates of 2001.  For comparisons sake, here’s what they currently are compared to what they will be:

10% will become 15%

25% will become 28%

28% will become 31%

33% will become 36%

35% will become 39.6%

Along with these increases, the marriage penalty would return, as would the death tax – jumping from 0% this year to 55% next year.  The child credit would be cut in half from $1,000 to $500.  These are real numbers with real costs.  The cumulative cost to taxpayers is approximately $3.8 trillion (that’s with a “T”).  An average American family of four would see roughly $2,200 in tax credits disappear under these new conditions.

Advertisements
Comments
  1. Don Brown says:

    Did anyone ever figure out if they are going to let Norris take office or not?

  2. Don Brown says:

    Did anyone ever find out if they are going to let Norris take office or not?

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s