You've seen the hyperlink on Drudge Report but I think that link might be broken. I've copied down below the basic information that someone posted on a forum. Scary fucking stuff, especially the AMT which will fuck me over good next year. I also work for a small business and income tax increases hurt us the most. Because insurance costs are spiraling out of control and will only get worse thanks to NiggerCrackerCare, I'm losing my dental insurance next year; my company can no longer afford it. Our health care insurance premiums are also going up for 2011. And now my state of Washington is secretly planning a state income tax in addition to a host of other tax increases on businesses. Meanwhile, state and federal deficits have spiraled out of control with no end in spending in sight anywhere. The only difference between our local, state and federal governments and the regimes of Stalin and Mao is that our government hasn't murdered us, yet. But like the Romans said just prior to their complete collapse, "Maybe we're better off dead."
Higher taxes in perpetuity is what's cookin' for dinner. But I ain't eating. And I don't think the vast majority of my fellow Americans are eating that crap either. November 2010 here we come!
Go here for an official downloadable publication from the Joint Committee on Taxation.
In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:
Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:
- The 10% bracket rises to an 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%
Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.
The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.
I've said it before and I'll say it again. Our United States federal government has become the enemy of we the people and must be stopped.