Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, which has jurisdiction over federal tax law, is seeking a vote this year on legislation that would increase the income tax rates on some Americans who earn as little as $104,425 per year.
The proposed legislation would raise the rates on the top two income brackets, from the current levels of 33 percent and 35 percent respectively, to 36 percent and 39.6 percent. The new rates would become effective after 2010.
The increase in the rates for these two brackets will affect all taxpayers who fall into these two brackets regardless of their filing status, according to Heritage Foundation Senior Policy Analyst Curtis Dubay, who reviewed the legislation. Read More
Here we go, Obama has been spending at the fastest rate in history, now comes the taxes, first was the tobacco tax and now talking about taxing incomes of $104,425 and up. The liberals are living up to their name “Tax and Spend Liberals”.
If you’re tired of this spending your tax money and then raising your taxes then find a Tax DayTea Party near you and make your voice heard!
GO TO LINK BELOW FOR MORE ON THE TEA PARTIES!
(1) Share it: The Tea Party Google map