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Originally posted by dbloch7986
Six Months to Go Until The Largest Tax Hikes in History
(visit the link for the full news article)
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 First Wave: 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:
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Originally posted by croweboy
Those of you that are in favor of the rich paying more in taxes are aware of how the "rich" (mostly corporations) raise money to pay the increased taxes, right? They raise the price of their product. A tax on the "rich" is just a politically correct way of saying the consumer gets screwed.
Originally posted by Mr Poopra
I never understood all this rich bashing. When has a poor person ever given anyone a job...EVER?! I know i've never worked for a poor person in my life. My business does however give jobs to quite a few people. You want to tax me more so i stop expanding? Maybe so i let a few people go? What's the plan exactly? The top 5% pay over half of all the taxes in this country. You want to tax them into hoarding and their wealth or worse, taking it elsewhere? Increase taxes and all you get is wealthy people figuring out how to hide their money better and wait it out. It makes perfect sense. They didn't get rich by being idiots, people.
How about we stop our imperialistic tendencies, bailouts, unnecessary wars, insane wasteful and entitlement spending so we don't need to even have this argument. Ron Paul had a plan for running this country with no income taxes. We need change, but not the kind Obama wants. We need a complete overhaul of every aspect of the way this country is run. I think the time is approaching for this to be a realistic dream.
Originally posted by Chance321
Originally posted by Come Clean
Oh no, big business will finally start to pay their fair share.
Your forgetting just one little thing. Big business won't be paying those taxes, we will in higher prices.
Originally posted by GreenBicMan
reply to post by skeptic_al
Yeah I doubt Warren Buffet or Bill Gates pay any taxes? They probably actually get about $500.00 back with a carried over $1000.00 from sale of stock.