Why is the media only stating that Obama is going to raise taxes on singles making over $125K? ?
October 7th, 2009Need Help asked:
What about increasing the capital gains tax? What about removing the cap on social security taxes? What about the death tax? What about increasing the taxes on small business who in turn will raise their prices on all of us?
What about increasing the capital gains tax? What about removing the cap on social security taxes? What about the death tax? What about increasing the taxes on small business who in turn will raise their prices on all of us?
October 8th, 2009 at 6:38 am
Actually that is a lie. Since he was to move the cut off on Social security up from 90K to 250K he’s going after anyone who makes above 90k.
October 9th, 2009 at 7:06 pm
Most of these other taxes do not hit the middle class in their wallets (at least not right away), and frankly - it takes a level of understanding regarding the variety of taxes and how it can potentially impact your own wallet to be able to have an opinion on these increases and for the most part, people don’t understand.
The media focuses and panders to the widespread majority of americans in the middle class who don’t comprehend these additional taxes in the first place - at least not to the level of understanding how these taxes will impact them.
October 13th, 2009 at 2:11 am
Because the Mainstream Media is Bias.
October 16th, 2009 at 12:37 am
What about letting the Bush tax cuts expire, that will raise my taxes in its self & don’t forget bringing back inheritance tax, taxing you on the profit made from your home even if you re-invest, raising taxes on your 401k so all that your company contributes is just a tax pool for later. Under Obama you will be able to work, pay taxes & die…notice retirement isn’t in the mix.
October 17th, 2009 at 10:34 pm
Because they are in the tank for him and will say anything to sway voters. Obama and the lib dems controlling Congress will allow the Bush tax cuts to expire which will result in all of us getting the shaft. That’s just one little secret they don’t want to admit…
October 18th, 2009 at 1:29 am
WHAT ABOUT STATING OBAMA REAL ECONOMIC PLANS HERE THEY ARE IN HIS OWN WORDS
October 20th, 2009 at 1:25 pm
CGT taxes are only increased on short-term investements, typically less than 1 year, but sometimes up to 18 months. Those don’t affect the vast majority of people, nor does it help the compaines in particular.
The Estate Tax, what you refer to as “death tax” is on estates worth over $5,000,000.00 There are numerous tax-advantaged ways around this, but for those who don’t use proper planning, then yes your tax will be re-instituted at previous levels.
SSI taxes are to keep the plan solvent, since the taxes are already capped at 99K, the tax increase would be minimal at best on those making 125K a year.