Friday, July 30, 2010

Largest Tax Increase In American History – Thanks Obama Voters, Obama -"You Negro Mongrels" " Jew Money" Obama’s Socialist Cesspool, Are Republicans Ready To Lead? You have the right to look like a jackass!

During the election Obama pledged over and over not to raise taxes for those making less than a quarter million! Now, the lowest earners will see the biggest tax hike of all! Income taxes on the first $16,750 will go up 50%! This means that the lowest paid will see the biggest percent increase in their taxes.










Taxes on top of taxes!!! Look at all the new taxes instituted by Obama/Pelosi/Reid in Obamacare! None of these were widely reported by the left-wing media. America is facing financial apocalypse in the near future, as working class families are already struggling desperately to make ends meet before the taxes go into effect.

Source:

Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.

The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.

Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.

The Tanning Tax. This went into effect on July 1st of this year. It imposes a new, 10% excise tax on getting a tan at a tanning salon. There is no exemption for tanners making less than $250,000 per year.

The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.

Brand Name Drug Tax. Starting next year, there will be a multi-billion dollar tax assessment imposed on name-brand drug manufacturers. This tax, like all excise taxes, will raise the price of medicine, hurting everyone.

Economic Substance Doctrine. The IRS is now empowered to disallow perfectly-legal tax deductions and maneuvers merely because it judges that the deduction or action lacks “economic substance.” This is obviously an arbitrary empowerment of IRS agents.

Employer Reporting of Health Insurance Costs on a W-2. This will start for W-2s in the 2011 tax year. While not a tax increase in itself, it makes it very easy for Congress to tax employer-provided healthcare benefits later.

Thanks to you idiot fucks who voted for this retarded bastard president. I hope you people are sleeping well these days.

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Gingrich: Obama Repeating Mistakes From the Great Depression - Newsbusters

"If we have large tax increases in January," Gingrich told Newsmax.TV, "this economy will sink deeper into recession. There will be higher unemployment. The recovery will be longer.

"This was exactly the mistake made in 1937 and 1938, and it created a second mini-depression. I think it's very dangerous, and I think the simple battle cry ought to be no tax increase in 2011, period. Keep current tax law exactly as it is through 2011," Gingrich said.

Gingrich charged that the high unemployment that continues to plague the economy stems from "an administration which consistently has been destroying American jobs."

He cited the financial reform legislation that the president recently signed into law as an example of "one more job-killing bill" Democrats have passed.
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Economic growth in U.S. slows sharply; recovery threatened - LA Times

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CNBC Reporter: Bush Tax Cuts Only Affected Those Making $250K or More - Newsbusters

CNBC.com's Jeff Cox needs to brush up on his financial history.

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Taxes: A Defining Issue - Wall Street Journal

Barack Obama knows taxes define worldview. The GOP should offer voters an alternative.

If the Obama presidency didn't exist, we would have to invent it.

At a time when the American people need to make some decisions about the nation's purpose, along comes Barack Obama to make the choices crystal clear.

In one corner of the world you have Europe, beset by a sovereign debt crisis that's been building for 50 years. The U.K.'s new prime minister, David Cameron, promises his people years of austerity to dig out from beneath their debt. Americans, staring at fiscal crevasses opening across Europe, have to decide if they also wish to spend the next 50 years laboring mainly to produce tax revenue to pay for public workers' pensions and other public promises. The private sector would exist for the public sector.

In another corner of the world, wealth is rising from the emerging economies of the east—China, India, Korea and the rest—posing America's greatest economic challenge in anyone's lifetime. Do the American people want to throw in the towel, or do they want to compete? If the latter, the public sector has to give way to the private sector.

One or the other. It's time to choose.

Barack Obama's first and biggest clarifier was his health-care plan. With Democratic majorities, it passed. Fair enough; they won the last election. But after a year spent watching the legislation, the American people said they didn't want a quasi-national health-care system. Support for the plan in the RealClearPolitics average is now 38.3%.

Now the clarifying gods have delivered a gift for the November election, the fight over taxes. Somewhere, George W. Bush must be laughing. Amid 9.5% unemployment, Democrats must deal with the expiration of the 2001 and 2003 tax cuts. They are trying to thread this needle by pushing a "middle class" extension through the hole, while impaling "the rich" on a tax spike.

In normal times, this tactic might work. But normal times are long past for America, and the voters know it. Mr. Obama himself talks all the time about the end of "business as usual." In the interests of the nation's future, Mr. Obama argues, the public economy needs to get bigger and stay bigger—currently 25% of GDP.

A big change indeed—unless the electorate decides this isn't what it wants for the next 50 years. That's another choice.

After the Democratic losses in November, the Republican winners will need more than their default status to replace Barack Obama's grand vision. The tax fight on offer is a chance to articulate a broader political vision that fits current anxieties about the national direction.

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A new study finds that allowing the Bush tax cuts will cost families thousands in 2011. Hope and change? - Fox News
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Foreclosures boom among nation's most creditworthy - USA Today

A record number of borrowers once judged the most creditworthy are heading into foreclosure as the job market leaves more homeowners unable to keep up with mortgage payments.
Foreclosures among borrowers with prime conforming loans have shot up 425% since January 2008, according to Lender Processing Services, which compiles mortgage data. Conforming loans are those eligible for purchase by Fannie Mae and Freddie Mac, the federal agencies that buy mortgages from lenders.

Jumbo prime loans not eligible for purchase by Fannie or Freddie have done even worse — foreclosures on those have increased nearly 600%.

Jumbo loans are typically mortgages worth more than $729,750.

"Jobs is a major impact. It's a huge factor," says Ken Shuman, a spokesman with Trulia.com, a real estate search engine. "A lot of homeowners on the higher end are also savvy investors. They're seeing their home has lost 30% of their value, we're seeing a lot of strategic defaults."
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What is so strange about the idea that President Obama might be a socialist? - The Corner
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President Obama calls African-Americans a ‘mongrel people’

NEW YORK — President Obama waded into the national race debate in an unlikely setting and with an unusual choice of words: telling daytime talk show hosts that African-Americans are “sort of a mongrel people.”

The president appeared on ABC’s morning talk show “The View” Thursday, where he talked about the forced resignation of Agriculture Department official Shirley Sherrod, his experience with race and his roots.

When asked about his background, which includes a black father and white mother, Obama said of African-Americans: "We are sort of a mongrel people."

"I mean we're all kinds of mixed up," Obama said. "That's actually true of white people as well, but we just know more about it."

I swear… You folks know how much I hate this dude but I still continue to be amazed at just how fucking stupid he is. I mean going on the View itself was already a dumb move because the only people who watch the View on a regular basis are brain dead women sitting on the couch drinking wine early in the morning. Agreeing to appear on the show only further tarnished his already eroding presidential standing. But to use that particular word to describe Negros in an already racially charged atmosphere was just retarded.

If I’m not mistaken folks a mongrel is a type of dog that is considered undesirable among breeders because its breed can not easily be determined.
It is not highly insulting to refer to human beings as mongrels?
Please if I wrong folks let your boy know.

This is why dude uses a teleprompter because his is completely incapable of speaking unscripted. I’m just amazed… but not surprised I never thought he was very bright and even as I type this I continue to marvel at just how gullible or clueless you white people were in voting for the moronic fuck.

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“View” appearance explained: Obama down 14 points with women since last year - Fox News
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Democrats hit the post-racial Exacta: Obama calls African-Americans 'mongrels' while New York Congressman decries GOP challenger's 'Jew money' - Doug Ross
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Salute to Mr. Tax-Law–Writing Tax Evader - Moonbattery

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Breakdown: Rangel’s 13 Charges - Human Events
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Barbara Says He’s Sexy, As We Slide Into A Socialist Cess Pool - Flopping Aces

We have a war that is going sour, our Justice Department has become the Department of Social Injustice run by a radical racist who refuses to prosecute Blacks and minorities, the federal government refuses to secure the border and welcomes illegal aliens to gut our states’ welfare entitlements and denies local law enforcement the right to prosecute illegal aliens, Obama’s administration is riddled with tax cheats and criminals who get an ongoing free pass for felonies that would put the common man in prison, and an energy policy that has our adversaries laughing their asses off, our citizens are lucky to buy a job and our president need more illegal aliens to get reelected and we are facing ruinous debt and massive tax increases. And now we have our teleprompter reading president, who was ordained by a corrupt Main Stream Media as the most intelligent man to ever hold the office and who was supposed to find the solutions to all our problems and bring this country together, is facing a midterm election and dismal polls; so in desperation, he decides to campaign to try and recapture the White soccer moms who voted him into office by sitting with women and posing like a woman with his legs crossed even tighter than the thinnest woman on the set. Using his most effeminate mannerisms and charm he hopes to tap into the frustrated psyche of the white middle-aged female and tickle their subliminal libido, to keep from being humiliated by losing majorities in both houses.


Pic Via Moonbattery
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Obama Bows Again - Michelle Malkin

What is it with this dude and his obsession with bowing to mutherfuckers!?
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Mexican Flag Flies as Dozens Arrested at Illegal-Immigration Law Protests




Wonderful...

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Have the Republicans Learned Their Lesson? - The American Spectator

Is the Republican party ready to regain power? Probably not -- we have seen that how Republicans behave in the minority, especially under a Democratic president, is no predictor of how they will act in the majority. As steadfast as they have been against President Obama, relatively few Republicans who voted for the TARP bailout, the Medicare prescription drug benefit, or our exercise in Mesopotamian nation-building have repented.

Yet it is a risk conservatives have no choice but to take. Hamstrung Democrats can paradoxically be better at stifling government growth than liberated Republicans, but ineffectual Democratic majorities are like dams: the odds of anything getting through are small, but the result of any breach is catastrophic. The Blue Dogs' sense of self-preservation failed them on the stimulus and health care, both of which cry out for repeal, with cap and trade lurking not far behind.
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Daily Kos Editor Says Skeptics Should Commit Suicide - Green Hell Blog

A Daily Kos contributing editor has suggested that “Steve Milloy and his buddies” commit suicide or be euthanized apparently for the crime of opposing global warming alarmism.
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Study demonstrates sexual attraction to those who resemble our parents, ourselves

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Why is Catholic Church Enabling, Aiding Islamic Immigration? - Debbie Schlussel

When Pope Benedict made a very mild criticism of Islam a few years ago, I warned that, in fact, he’s a hypocrite. I told you that the Catholic Church actually panders to Islam and sharia all over the world, not just in its attacks on Israel, but in inviting some of the most extremist, anti-Christian Muslims to hang with the Pope at the Vatican.
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"You Have the Right to Look Ridiculous!" - Blonde Sagacity
A Bronx judge has thrown out a summons issued against a Bronx man for wearing saggy pants, finding that "the Constitution still leaves some opportunity for people to be foolish if they so desire."
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I need a drink shit is fucked up and I am not optimistic about the direction of the country.

Oh well maybe more later....

2 comments:

PeggyU said...

I vacillate between hope and ... well, something less than that.

The way I look at it though, what's going to happen is going to happen. Might as well kick up a fuss, rather than lie down and take it.

Gaius Lawrenitis Negris said...

I agree... some days I feel kinda down and just want to say screw it and ignore but I'm just like we can't allow this asshole president to get away with this crap.