Backdoor taxes to hit middle class

Discussion in 'Economics' started by Tom B, Feb 2, 2010.

  1. rc822

    rc822



    http://www.nationalpost.com/news/story.html?id=2510700
     
    #11     Feb 2, 2010
  2. Banjo

    Banjo

  3. S2007S

    S2007S

    One step closer to economic recovery!!!!


    :p
     
    #13     Feb 2, 2010
  4. rc822

    rc822



    Then the only thing missing would be to have portraits of Obama painted on the sides of every building in America, just like they did for Saddam in Iraq.
     
    #14     Feb 2, 2010
  5. #15     Feb 2, 2010
  6. rc822

    rc822


    King Obama had the story pulled. Why? It wasn't because of inaccuracies. He didn't want it published until they could come up with ways to hide these middle class tax increases. It's classic Obama. You know, the transparent, watch on CSPAN new way of governing. LOL!!!!!! Oh wait, no it's not.
     
    #16     Feb 2, 2010
  7. How many middle class americans have substantial capital gain taxes and estate taxes? It mostly affect the very rich who own a lot of assets.
     
    #17     Feb 2, 2010
  8. zdreg

    zdreg

    #18     Feb 2, 2010
  9. bigb

    bigb


    +1

    Was wondering the same when I read this
     
    #19     Feb 2, 2010
  10. http://www.taxpolicycenter.org/briefing-book/key-elements/estate/how-many.cfm

    "Almost 33,000 estates filed returns in 2007 but fewer than half - only 14,700 - of those estates had to pay any estate tax at all. Estate tax liability totaled $21.2 billion."

    "In 2009, the estate tax exemption will increase to $3.5 million. TPC projects that 14,900 estate tax returns will be filed for people who died in that year, of which only 5,500 will owe estate tax totaling about $13.8 billion."

    The proponents for eliminating the tax are rarely if ever affected by it.
     
    #20     Feb 2, 2010