Wednesday, January 20, 2010

Estate Tax Exclusion If Obama Is Goingto Let Lapse Bush's Tax Cuts And Only Allow A $1K Exclusion For Those Under $50K, OUCH!??

If Obama is goingto let lapse Bush's tax cuts and only allow a $1K exclusion for those under $50K, OUCH!?? - estate tax exclusion

What will they do? It will hurt in the middle to low income, not 1K because the deletion of the Bush tax cuts - are not made much of undo!

There are many people who can not pay the bills at this level, now wants more taxes on income, a federal estate tax on buildings> 2400sf, 28% capital gains tax, property tax and "tax" is a food and livingcosts, and if taxes on the rich, who know what they are doing? They move their money abroad! There is no incentive to reveal their true income, or keep your money here at all, and if you can not get enough of the rich, which requires the poor even more!
After a recession, is the last thing you are not subject to taxation.
They also want a federal sales tax, a carbon atom and a tax on fuel.
You can literally starve to death all taxes, even at the lower end.

1 comment:

Margueri... said...

ABSOLUTELY! Tax increases hurt the Americans! That's what Barack Obama and Hillary are dangerous and destructive!

McCain is too terrible, but it is "less bad".

Post a Comment