Bonzer Wolf™ (bonzerwolf) wrote,
Bonzer Wolf™
bonzerwolf

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Chairman Obama to raise taxes on comrades earning over $100,000

The $634 billion down payment on expanding health care coverage would come in part from a $318 billion increase over 10 years in taxes on the wealthy, defined as couples making more than $208,000 per year. The tax increase would occur by reducing the benefit the wealthy get on tax deductions. As one example, taxpayers in the current top tax bracket of 35 percent would see their tax deduction for every $1 given to charity drop from 35 cents to 28 cents. 

So much for BO's promise not to raise taxes on those making less than $250,000. BO is a liar who will do everything in his power to redistribute the wealth.  BO formerly drew the "wealthy line" at $250,000. In less than a month the line has moved to $208,000.  In four years or less it will be at $100,000.  The Democrats are getting what they have wanted for years; a communist President intent on creating a social welfare state.  Prosperity will not return without revolution, which is surely to follow after BO turns the United States into a third world communist nation.

 

Tags: economy, life, obamanation, politics, recession
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