Create your free account now! Sign up

more of those taxes


You know those taxes none of us are going to get. Especially the ones that make health care cheaper. Where..........is it cheaper again? Oh and when the Bush tax cuts end, taxes will go up for all. Including a 55 percent estate tax. Up from 0. On or about Jan. 1, 2011, federal, state and local tax rates are scheduled to rise quite sharply. President George W. Bush's tax cuts expire on that date, meaning that the highest federal personal income tax rate will go 39.6% from 35%, the highest federal dividend tax rate pops up to 39.6% from 15%, the capital gains tax rate to 20% from 15%, and the estate tax rate to 55% from zero. Lots and lots of other changes will also occur as a result of the sunset provision in the Bush tax cuts. did you see that. Dividend tax rate up more than 100 percent. Almost 40 percent up from 15. do you know what that will do to seniors who have been saving for their future? Well it means the government thinks they need it more. Taxing is the ONLY way this administration can pay the credit card and there is no end in sight. For more implications on this you can go to  http://online.wsj.com/article/SB10001424052748704113504575264513748386610.html?KEYWORDS=arthur+laffer  This is from the Wall Street Journal.

Also more taxes on health care. Oh Boy. But at least one person here doesn't believe we are going to be taxed more or he just doesn't want anyone else to know.



This is CABL.com posting #305273. Tiny Link: cabl.co/mbrzV
There is 1 reply to this message
Re: more of those taxes goodsky 6/12/2010 2:25:05 PM