How Republicans Plan to Avoid Taxmageddon
Wed, May 16, 2012With the possibility of “Taxmageddon” looming over United State’s taxpayers, House Republicans are trying to get a head start in overhauling the tax code. If Congress fails to act before December 31st, 2012, the Bush era tax cuts are scheduled to expire. This would cause a slew of tax increases on Americans. Taxes will be raised on investment income, estates and gifts, and earnings at all levels. The marriage penalty for joint filers will return, the child credit will drop $500, and the rate everyone pays on the first $8,700 of wages will jump to 15%. The Social Security payroll tax that Congress voted on in February will expire, and the new Medicare taxes that are a part of Obamacare will be imposed upon anyone who makes more than $200,000. All of these taxes could potentially take away $500 billion out of the economy in 2013 and are set to occur after the November 6th election.
Mon, May 07, 2012 France Elects Socialist PresidentFrance elects a President who wants higher taxes and more government spending. Sound familiar? |
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Wed, May 02, 2012 Right Change: ‘Taxmageddon’ is ComingThat is if we keep the Obama agenda going for another four years. |
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Fri, April 27, 2012 Right Change: First Quarter 2012 Growth Slows, Weak Business SpendingThis is what happens when the government over taxes, over regulates, and over spends. |
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Fri, April 27, 2012 More Mixed Messages: Is Obama Helping or Hurting Small Businesses?President Obama cannot decide whether or not he is for small business. |
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Tue, April 17, 2012 Right Change: Happy Tax Day Facts: Fair ShareRemember these facts next time you write Uncle Sam a check and especially if you’re considering Obama’s tax plan. |
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Wed, April 11, 2012 Right Change: Obama’s Buffett Rule DistractionObama’s Buffett rule is a smokescreen to distract the public from the $5 trillion in debt he’s racked up. |
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