Hold on to your wallets
 

Here is the future of taxes is a Democrat is elected as President in 08.

Representative Rangel is looking to swap the AMT for a new tax targeted exclusively at the highest-income payers. One often-mentioned idea, proposed by Leonard Burman, director of the Urban Institute’s Tax Policy Center, would impose a 4 percent surcharge on unmarried taxpayers making more than $100,000 a year and couples making more than $200,000.

Some of you might think that a $100,000 single income and $200,000 family income equates to being "Rich". Reality is, that definition would depend on where you reside. $100,000 goes a long way in Oklahoma or Arkansas; however, if you live in Manhattan, or the Bay Area you would be a couple hundred grand short of "Rich".

The Democrat's tax plans does not consider the cost of living or the tax implications of each State. California has some of the highest State taxes in the Nation.

Here is the future of taxes IF a Democrat is elected as President in 08.

Stupid edit feature takes me to the home page.

Wonderful philosophy for a capitalist society...make more and we charge you more. I can already see rich gay people saying "I can't get out of the tax..."

Happens to me as well. :confused:

Never mind that the top 5% of all taxpayers already pays 60% of all income taxes, while only earning 35% of total AGI. Let's heap a little more on. Link

"The mule is pulling a large load - let's make the load bigger! Surely it can haul it!"

Morons. Let's punish success. :confused:

Alright now.....Just stop it. :confused: If you people would go out and buy a Hyundai instead of a BMW you would have a lot more to contribute to Uncle Sam. :thumbup: :rofl:

I think before you can be taxed you should see an itemization of where your funds went.

Um Why are gay people relevant :rolleyes: PLEASE explain this

I think he's saying that this will be added to the "reasons" list for legalizing gay marriage...

Read the post following yours, try to understand the topic and not personalize this issue as if I were bashing YOU. :tsk:

If gay marriage isn't legal, and the only way to avoid the extra tax is marriage, then any gay person falling in the income bracket could NEVER become exempt to the tax. :rolleyes:

Of course if being gay is not relevant, fine...don't cry to the government when you can't avoid the tax. :thumbup: