The Largest Tax Hikes in History Starts in Six Months

Remember this promise (September 12,2008) from your Acorn elected President Barack Hussein Obama: “No family making less than $250,000 a year will see any form of tax increase”.

As I read about these taxes on we the Taxpayers I see that Obama did not keep his promise to us!  Below is the list of taxes and who will be paying them.  If you think America is in trouble, just wait until these taxes hit our families starting January 1, 2011.

In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:

Personal income tax rates will rise.
Higher taxes on marriage and family.
The return of the Death Tax.
Higher tax rates on savers and investors.

There are over twenty new or higher taxes in Obamacare.

The “Medicine Cabinet Tax”
The “Special Needs Kids Tax”
The HSA Withdrawal Tax Hike.

The AMT will ensnare over 28 million families, up from 4 million last year.

Small business expensing will be slashed and 50% expensing will disappear.
Taxes will be raised on all types of businesses.
Tax Benefits for Education and Teaching Reduced.
Charitable Contributions from IRAs no longer allowed.
READ ALL ABOUT THESE NEW TAXES AT THE SOURCE

Advertisements