Punishing The Most Successful – And the Rest of Us

Ouch.

clipped from michaelmedved.townhall.com

Barack Obama remains maddeningly vague about most of his plans as president, but
he’s displayed surprising candor about his determination to raise tax rates.
Lawrence Lindsey, former chair of the National Economic Council, notes that a
high income earner would see his federal marginal tax rate soar to 53%, from 38%
today. In other words, instead of [...]

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Obama Defines Rich: $32,000/year

clipped from news.yahoo.com

Steve
Forbes, a former Republican
presidential candidate, criticized Obama for voting for a Senate budget
plan that would roll back the Bush tax cuts for those who make as little as
$32,000 per year.

Any Obama supporters reading the fine print?

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Democrats Plan to Raise Your Taxes

From Noisy Room:
Before adjourning for recess, House Democrats passed the largest tax-hike in American history; a rate hike that will soak an average of $3,120 from every family. In an economy reeling from a slowing housing and job market, this is a burden that American families and small business owners simply cannot afford.
Read it!

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Democrats Define Rich: $31,850

Both Barack Obama and Hillary Clinton have vowed to raise taxes on the rich to help pay for their proposed spending proposals. How do they define “the rich?”
Obama and Clinton both promise to reverse Bush’s tax cuts for wealthier taxpayers, but the Democratic budget they’ll be voting for would allow income tax rates [...]

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Democrats Raise Taxes on Kids

Democrats say one thing, but do another. Here is how they’ve increased taxes on children via the “Kiddie Tax:”
Income-shifting is one of several tax planning tools families have used to lower their tax bill. Historically, parents could save a bundle by transferring highly appreciated investments to their children who are in lower tax brackets. [...]

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Raise Taxes to Fight Global Warming?

Why do the liberals think that every issue (even make-believe ones) can be solved with raising taxes? The latest is raising taxes to fight global warming.
Mayor Michael R. Bloomberg plans to announce today his support for a national carbon tax. In what his aides are calling one of the most significant policy addresses of [...]

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Democrats Propose "Mother of all tax hikes"

Comments on Charles Rangel’s “Mother of all tax hikes” proposal, via Tax Foundation’s blog entry to Kevin Hassett’s column at the American Enterprise institute:
In terms of revenue, Rangel’s reform would be the biggest tax increase in history. Compared to a baseline where President George W. Bush’s tax cuts are extended and the dreaded alternative minimum [...]

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