Wednesday, April 15, 2009

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?



    Interesting day.

  2. I think it is very depressing. :-(

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


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