Under 100 Days Until Largest Tax Increase In U.S. History
January 1, 2013 is the day the largest tax increase in the history of the United States will take effect. Not only will all tax brackets rise in percentage of taxation, but the Bush tax cuts will be eliminated thanks to President Obama. This means that families, individuals and small businesses will be paying considerably more to the government in taxes. The combination of these multiple tax increases hitting all at once will be devastating to an already anemic U.S. economy.
Personal Tax Rates Will Rise on January 1, 2013 as follows:
-The 10% bracket rises to a new and expanded 15%
-The 25% bracket rises to 28%
-The 28% bracket rises to 31%
-The 33% bracket rises to 36%
-The 35% bracket rises to 39.6%
This doesn’t include the tax hikes associated with Obamacare that will begin the exact same day. It’s interesting and disturbing that the media isn’t talking about this issue during the elections. Wouldn’t this be something the voters should know? Shouldn’t this be a center piece of the opposition’s attack on the President’s record?
Why this President thinks that an economy in such a weak state could possibly take such a blow is beyond reason. But what makes matters worse is that we know that he knows better based on his own words. See the video below:
So we have to ask the question the media won’t – if Barack Obama knows that raising taxes during a down economy would do damage to it, why would he do it? Is it that far fetched to think that, perhaps, he’s doing it on purpose?
The “2016″ film, in theaters now, suggests that Obama would harm our economy on purpose in order to downsize America from economic powerhouse and the beacon of freedom in the world to just another country more on the level with third world countries. In doing this, he would be fulfilling the dreams from his father as is explained in the video below:
We live in a frightening time. But what makes it even more disturbing is when we put the pieces together to see that our President, the very one who has sworn to defend and protect our Constitution, perhaps has something other than our best interest at heart. But the only way we’ll vote him out of office is for some of those who have blinders on to his intentions to do us harm and to the poor job he’s already done will put their favorite party aside and simply vote on what is best for America.Please share: