Friday, September 19, 2008

How Obama's tax plan will hurt you, retirees, & your small business

RK

Read & weep, for your pain will increase if he has his socialist way:

1. Small main street businesses would have to pay tax rates as high as 62.3%, higher than Wal-Mart's.
2. Taxes on retirement savings and income could increase by at least 33%, impacting tens of millions of seniors . This is heartless, in order to pay for his global poverty & other pork barrel projects!

3. It would reduce the after tax wages of millions of workers by 17.7%.

4. Four million working people above age 50, looking towards retirement, would be hit with increased taxes.

5. It will take 227 days per year, nearly 8 months, just to pay your tax bill, as if we don't work enough days to pay off taxes!

6. Millions of Americans would only keep 38 cents of every dollar that they earn

7. It will take 227 days per year, nearly 8 months, just to pay your tax bill, as if we don't work enough days to pay off taxes!


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