Tax Spend Tax Spend Tax Spend Tax Spend Tax Spend Tax Tax.
I feel like I’m living in an alternate universe. The Obamaverse is a little like a comic book existence where everything is twisted and backwards. Like Superman’s BIZARRO world. In Obama’s land of bleak outlook, a little less bleak landscape is a HUGE success. Twisted, turned and distorted to make it appear a little less colorless, it is fed to the hounds of bleak expression to spread across the land to all who will listen, “see what great things I/ME I/ME am doing for you”.
In Obama’s perverted world, TAXING the most productive segment of our society, the area from which MOST job growth is born in this country, is somehow a noble act for which we should be grateful. Obama plans to TAX the middle class by ONE TRILLION PLUS DOLLARS in the next decade, starting with allowing the BUSH tax cuts to expire next year. Unemployment in the private sector continues to increase, while at the same time the government adds more and more TAXPAYER FUNDED EMPLOYEES to its payrolls. Government produces nothing. Government takes from the private sector under the threat of the force of law… legal or not.
This government is unaccountable and out of control. We the denizens, the PEOPLE of Obama’s BIZARRO world, have a President who is literally running riot without the consent of the majority of the governed. We have a Congress which is a runaway freight train to nowhere, is not responsive to its controls (the Constitution) and is working directly in opposition to the people WITHOUT THE CONSENT OF THE MAJORITY OF THE GOVERNED.
The direct assault on the middle class in this country has a name. Lenin wrote about it. In a country where the free exchange of information and ideas is abridged by the power and influence of government, such as in the removal of TERRI CULLEN’S well researched and damning article on Reuters.com,”BACKDOOR TAXES TO HIT MIDDLE CLASS”, we call that tyranny. SOMEBODY in the administration got to Reuters objecting that Obama’s magnificent budget message was being compromised by the naked truth. The journalistic giants and seekers of the truth at Reuters rolled over like a scolded puppy with its feet in the air and they pulled the article.
TOO LATE, I’ve got it (me grinning). Reprinting is not something normally within our format, but this should be required reading for every taxpayer in this country. This is a clear abridgment of the public’s right to know and the First Amendment of our Constitution. There’s that pesky First Amendment thing again… seems like a would-be tyrant just can’t get a break anymore.
Semper Vigilans, Semper Fidelis
© Skip MacLure 2010
Backdoor Taxes To Hit Middle Class
by Terri Cullen
Millions of middle-class households already may be facing higher taxes in 2010 because Congress has failed to extend tax breaks that expired on January 1, most notably a “patch” that limited the impact of the alternative minimum tax. The AMT, initially designed to prevent the very rich from avoiding income taxes, was never indexed for inflation. Now the tax is affecting millions of middle-income households, but lawmakers have been reluctant to repeal it because it has become a key source of revenue.
Without annual legislation to renew the patch this year, the AMT could affect an estimated 25 million taxpayers with incomes as low as $33,750 (or $45,000 for joint filers). Even if the patch is extended to last year’s levels, the tax will hit American families that can hardly be considered wealthy — the AMT exemption for 2009 was $46,700 for singles and $70,950 for married couples filing jointly.
Middle-class families also will find fewer tax breaks available to them in 2010 if other popular tax provisions are allowed to expire. Among them:
* Taxpayers who itemize will lose the option to deduct state sales-tax payments instead of state and local income taxes;
* The $250 teacher tax credit for classroom supplies;
* The tax deduction for up to $4,000 of college tuition and expenses;
* Individuals who don’t itemize will no longer be able to increase their standard deduction by up to $1,000 for property taxes paid;
* The first $2,400 of unemployment benefits are taxable, in 2009 that amount was tax-free.
Reuter’s issued this advisory:
“The Feb 1 story headlined “Backdoor taxes to hit middle class” is wrong and has been withdrawn. The story said lower-income families will pay more under tax provisions scheduled to expire Dec 31. The Obama administration’s budget calls for the extension of those tax provisions for households earning less than $250,000.”