"What luck for the rulers that men do not think." -Adolf Hitler
"I will bring this war to an end in 2009. So don’t be confused." -- Senator Barack Obama

"If you don't like Obama, you is a racist!" -- Kelonda

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"If the government robs Peter to pay Paul, he can count on the continued support of Paul.

Saturday, April 17, 2010

RACISM FOUND AT TEA PARTY

Why Tea Party Protesters Shouldn't Thank President, They Should Call Him a LIAR

"In the fifteen months of his presidency, President Obama has enacted into law, 25 tax increases totaling more than $670 billion, at least 14 of the taxes were violations of the Obama’s pledge not to raise any kind of taxes on Americans earning less than $200,000 for singles and $250,000 for married couples.

The President's list of violations include:

* Tobacco tax increase and expanded enforcement authority*

* New tax on individuals who do not purchase government‐approved health insurance

* A 40% excise tax on high-cost health insurance plans

* A new "medicine cabinet tax" on over-the-counter purchases from HSAs, FSAs, and HRAs increasing the non-medical early withdrawal HSA penalty from 10 to 20 percent

* A "special-needs kids" tax (capping FSA contributions at $2500)

* An increase in the top Medicare payroll tax rate from 2.9 to 3.8 percent (in so doing raising the top marginal tax rate on labor from 37.9 to 43.4 percent)

* A hike in the capital gains rate from 15 to 23.8 percent

* A hike in the dividends tax rate from 15 to 43.4 percent

* A hike in the "other" investment tax rate from 35 to 43.4 percent

* An increase in the "reduction of the deduction" for medical expenses from 7.5 to 10 percent of AGI

* New annual taxes on health insurance companies, innovator drug companies, and medical device manufacturers

* A 10% excise tax for tanning salon sessions eliminating the deduction for employer-provided retiree Rx coverage in coordination with Medicare Part D

* Creating the "economic substance doctrine," which allows the IRS to disallow perfectly-legal tax deductions it deems are only being used to reduce tax liabilities

* Requiring 1099-MISC information reporting for small business payments to corporations, increasing compliance burdens for small employers