Nancy Pelosi is whisking the bill through house committees~ Stop The Witch?  | | Who is able to stop the wicked witch Nancy from San Fransisco,California from whisking this bill through the dirty house?
Article: Can you do the math? A huge new income surtax. The bill's main financing comes from another tax increase on top of the increase already scheduled for 2011 under Mr. Obama's budget. The surtax starts at one percentage point for adjusted gross income above $350,000 in 2011, rising to two points in 2013; a 1.5 point surtax at incomes above $500,000, rising to three in 2013; and a whopping 5.4 percentage points in 2011 and beyond on incomes above $1 million.
This would raise the top marginal federal tax rate back to roughly 47% or 48%, if you include the Medicare tax and the phase-out of certain deductions and exemptions. With the current top rate at 35%, this would be the largest rate increase outside the Great Depression or world wars.
The average U.S. top combined state-federal marginal tax rate would hit about 52%. This would be higher than in all but three (Denmark, Sweden, Belgium) of the 30 countries measured by the OECD. According to the nearby table compiled by the Heritage Foundation, taxpayers in at least five U.S. states would pay higher marginal rates even than Sweden. South Korea, which Democrats worry is stealing American jobs, would be able to grab even more as its highest rate is a far more competitive 38.5%.
http://online.wsj.com/article/SB124779717982855785.html
| |
| |
| | | | | | | | 1. us2owls (2035) | 5 months ago | Nancy Pelosi is as you say a witch. I hope that the next time she is up for re-election the voters put a broom under her and send her on her way out of Washington. The woman doesn't give a hoot about American tax-payers who fund the salary that she draws for her attempts to destroy our country and break it financially.
| |
| |
|
| | Stop Dreaming About a DJ Career Make it Happen at Our Radio Broadcasting School! Call Us Today. www.BeOnAir.com | add comment |
|
| | 2. clrumfelt (1613) | 5 months ago | Pelosi isn't going to get her way on this one. During the break the House and Senate members are going to get an earful from their constituents, because they see the writing on the wall and are angry about the government pulling a fast one with the stimulus and cap and trade. They are angry already and not going to allow the health care agenda to go forward in its current form, else the current senators and representatives are going to find themselves in the unemployment lines soon.
| |
| |
|
| | Bank of America ® Read More About Recent Changes To Our Credit Card Fees & More. www.BankofAmerica.com | add comment |
|
| | | | | |
| Health Care bill The new health care bill will be the end of the US medical profession. In allowing the US to take... | |
Sneaky Politics? Recently I heard a news item on the health care bill the liberals are trying to pass. The item... | |
Car Window Replacement Dc We Offer Mobile Glass Repairs. Get $50 Off Your Insurance Deductible. www.RoyalGlass.DanMattMedia.com | |
Castrol Oil: Cars & Suvs Castrol Official Site: Motor Oils & Specialty Lubricants for Cars. Castrol.com | |
|
|
|
|
|