Tuesday, October 28, 2008

Back to Politics

Barak Hussien Obama states that he will not "raise" taxes for anyone making under $250,000/ year and 95% of Americans will not see a rise in thier taxes if he becomes President of the USA. This statement is a bold face lie and a slap in the face to all Americans. His promises are nothing more than false promises with loop holes, thats a lawyer for ya.

#1 Senator Obama states he will not raise taxes, yet he is going to allow for the tax cuts implemented by the Bush administration to lapses. If you look at the tax rates from 2000 and the tax rates now, you are being taxed a significant amount less. He will passively allow tax rates to increase for 100% of taxpayers. My taxes will go up $2,812 if the tax cuts lapse. Check it out on IRS.gov and use timetable tax tables.

#2 He will lifting cap on S.S tax and double the tax rate of today. Barak states that half will be paid by employer. We all know the employer will cut that tax out of some payroll or pass it along to the customer via higher prices.

#3Roughly Many Americans making less than 250,000/ year own personal stock. All personal stock is subject to capital gains. Barak proposes to increase capital gains from 15 to 20%. Many people use stock sales to put there childern through college or make a down payment on a home, but hey Baraks only gong after the rich, right? think again

4# Barak is going go after those big oil companies and raise their taxes by applying a windfall tax! Econo 101-- Taxes are built into the product price, the taxe increase will only increase prices for the costumer. thanks again Barak. Here in the US we already have some of the highest coporate tax rates, and we wonder way jobs are going overseas?

Just think logically before you vote for CHANGE!

Lets not raise taxes and redistribute wealth, lets just cut spending!

Vote JOHN MCCAIN!!

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