Grand Theft by Obama

About: review & outlook: taxes upon taxes upon . . . - wsj.com

It could probably be shown by facts and figures that there is no distinctly native American criminal class except Congress.
- Mark Twain
~ My first choice of title was Grand Theft Taxpayer, but that is already here.
I think Obama & some members of Congress should be impeached for grand theft & malfeasance. Read the article:
source: ...
Keep in mind that Mr. Obama has already signed the largest tax increase since 1993. While everyone focuses on the Bush tax rates that expire after 2012, other tax increases are already set to hit the economy thanks to the 2010 Affordable Care Act. As a refresher, here's a non-exhaustive list of ObamaCare's tax increases: • Starting in 2013, the bill adds an additional 0.9% to the 2.9% Medicare tax for singles who earn more than $200,000 and couples making more than $250,000. • For first time, the bill also applies Medicare's 2.9% payroll tax rate to investment income, including dividends, interest income and capital gains. Added to the 0.9% payroll surcharge, that means a 3.8-percentage point tax hike on "the rich." Oh, and these new taxes aren't indexed for inflation, so many middle-class families will soon be considered rich and pay the surcharge as their incomes rise past $250,000 due to tax-bracket creep. Remember how the Alternative Minimum Tax was supposed to apply only to a handful of millionaires?
... I think Obama has finally miscalculated what Americans will put up with!

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  1. tax on tax

Comments


Mark de LA says
Drudge Headlines this Morning:
HAPPY BIRTHDAY, MR. PRESIDENT!

BIG BASH PLANNED DAY AFTER AMERICA GOES BROKE...

$35,800 per couple...