WILL OBAMA’S TAX PLANS FOR 2013 SOAK UP SAVINGS OF THE ELDERLY THE HARDEST!
seen the President stand before the American citizen and pursue his attacks on
the Millionaires and Billionaires, claiming that they should PAY more in
taxes! However, each time he gets into
his speech, buried DEEP in the electronic print out of his “teleprompter” is an
amount far lower in income of the ”real people” he wishes to TAX. That is our ELDERLY who depend on the returns
of their long standing investments to assist in the “golden years” of
retirement are the REAL ones he is REALLY going after!
How many of
us have seen our parents struggle through life to secure a better future for
themselves and their children. How many of us have had Mom & Dad dip into
their retirement or take a loan against their own property to bail us children
out in the desperate need of a medical operation or catastrophe that has
occurred in our lives! NOW, does Obama
want them to bail out his catastrophic failures of being our President? For
while he has sat in the highest office of the land, his GSA employees lavish in
$5,000 per night rooms with whirlpool hot tubs in Las Vegas, sipping champagne from
two glasses… all paid for by his approval !
What are the
TAXES the President wants from the Elderly more than any other group of Americans?
1) Top tax bracket for SENIORS will rise
from 30 to 34%! That “Top Bracket” is
NOT, I say again…. NOT…. $1 million!
2) Dividends! 71% of seniors supplement their retirement
incomes through dividends from stocks and bonds they have invested over their
years! The President wants to raise the TAX on dividends from the current 15%
to a whopping 43%.... close to a 300% increase!
This will affect EVERYONE, not just the seniors!
3) TAX of sale of property! As of January 1, conveniently AFTER the
election, every homeowner selling their home will HAVE to pay a 3.8% Sales tax
to the Federal Govt! That tax is NOT on
the profit, rather the selling price of the home! If Mom & Dad bailed us children out of a
crisis situation in our lives and refinanced their $250,000 “paid” mortgage
with a $200,000 loan… they would STILL need to pay the Federal govt close to
$10,000, regardless of any capital gain or loss!!! http://activerain.com/blogsview/2099491/sales-tax-on-property...
4) Capital Gains Tax rising from 15% to
23%! This is on TOP of any sales tax
charge…. Again, biting in to the Elderly who only THOUGHT Obama cared about
their “welfare!” But then…. Gives a “whole new meaning” to “obamacare!” http://www.bloomberg.com/news/2012-05-30/capital-gains-fault-...
5) INHERITENCE taxes! Current amounts of inheritance can be passed
down to the rightful heirs of parents estates by being worth LESS than $5
Million! Not ONLY will that be reduced to the low amount of $1 Million, but the
President will now declare that the Federal Govt is more of a “rightful” owner
of any parents property then their OWN children! For the tax is going from 33% to a mind
blowing 55% of the total value of mom and dad’s wealth! http://online.wsj.com/article/SB123846422014872229.html
say you Soda Head member! Do you wish to
see these HUGE taxes imposed on your mom and dad? Do you wish to continue to
“Swallow a Lie” that the President is ONLY wanting to “tax the millionaires and
billionaires?” Old Salt
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