Here you go. The Tax Tsunami On The Horizon.
Your taxes are going to go up because the President wants to spread the wealth around. In other words, the government is going to take away what you have earned and give it to someone who hasn’t earned it. You can read the article for the particulars about what the tax rates are going to do, and the return of the Death Tax, and so on.
Why would someone want to take away your hard earned money? Because he thinks you stole it from the poor. Instead of helping to poor with a hand up instead of a hand out, he exercises control over the lowest part of the economic ladder. He cuts the rungs out of the ladder so they can’t advance, thus keeping them on the dole, barely subsisting and dependent on the government for their very existence. The only thing spoon-feeding teaches is the shape of the spoon.
So, by letting the Bush tax cuts expire, our taxes will go up starting January 1, 2011. If you have a rich relative almost dead at the end of the year, you better hope they pass before midnight or their estate will be subject to a 55% death tax on estates over $1 million. If someone leaves a farm to you next year, you’ll have to sell it to pay the tax on the estate bill.
I heard a remark from my Congressman this morning on my way into the store, “Tax cuts should be targeted and temporary.”
Nevermind the facts that when you cut taxes, economic growth goes through the roof. But you see, those in power at the moment don’t want that, except for themselves. They would rather see the economy limp along, nobody getting rich and everybody one step away from economic ruin.
Vote the bastards out this November. That includes both parties. Vote someone new in, someone who understands that the government derives its power from the consent of the governed. Don’t vote for someone who thinks they know better than you.