point one: i have been told that the $250k that is taxed is the gross and applies to businesses as well as individuals. while i don't know any individuals that make that kind of money (that i know of), the person i talked to said that a business she knew of would have to lay off two people to afford the new taxes. while i admit i'm unclear on the details of this proposed tax increase, i can see how a lot of small businesses would be in that bracket
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I don't ever trust a politician who claims they will not raise taxes, or that they will lower taxes. It's an ancient trick going back thousands of years, leaders claiming they will make you rich and then lying to you.
Maybe he will not increase my federal income tax, but I may see a huge jump in social security or medicare taxes. Most commonly, politicians will simply create new fees for services or raise other fees. The fact that Obama seems perfectly happy to spend huge amounts of tax payer dollars to bail out an auto industry that is currently strangling in its own dung pretty much proves this.
Despite all that, I feel he'll do an excellent job repairng our internationaal reputation, getting rid of a hugely wasteful war and maybe work on restoring one or two of our rights as well...
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Maybe he will not increase my federal income tax, but I may see a huge jump in social security or medicare taxes. Most commonly, politicians will simply create new fees for services or raise other fees. The fact that Obama seems perfectly happy to spend huge amounts of tax payer dollars to bail out an auto industry that is currently strangling in its own dung pretty much proves this.
Despite all that, I feel he'll do an excellent job repairng our internationaal reputation, getting rid of a hugely wasteful war and maybe work on restoring one or two of our rights as well...
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