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Taxed Enough, Already



TEA (Taxed Enough Already) parties were scheduled to be held all over the country today. Michigan Rep. Pete Hoekstra lists these as up-and-coming tax changes:

--Marginal income tax rates will increase for all income brackets.

--The $400 "Making Work Pay" credit will expire.

--Capital gains and dividend rates for individuals will increase.

--The child tax credit will decrease from $1,000 to $500.

--The death tax will return with a 55% maximum rate.

--The Alternative Minimum Tax exemption will expire.

And lest any readers think I am picking on the current administration exclusively, I was also appalled at the amount the federal deficit increased under the previous administration. 

What do you think?



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Comments

  1. CherylApril 18, 2009 at 8:53 AM

    http://www.youtube.com/watch?v=jAAHMDpk7Ik

    http://www.youtube.com/watch?v=TTEpjZt3Qjw

    Interesting day.

    ReplyDelete
  2. PamApril 20, 2009 at 11:14 PM

    I think it is very depressing. :-(

    (sorry to be not uplifting, but that's the way I feel)

    ReplyDelete

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