"These stealth tax increases—forcing ever more Americans to pay higher tax rates on phantom gains in income—were widely seen to be unjust. And in 1981 as part of the Reagan tax cuts, a bipartisan coalition voted to index the tax brackets for inflation"
http://online.wsj.com/article/SB1000142405274870393290457451179417093... "The Pelosi-Obama health tax surcharge will have a similar effect. The tax would begin in 2011 on income above $500,000 for singles and $1 million for joint filers. Assuming a 4% annual inflation rate over the next decade, that $500,000 for an individual tax filer would hit families with the inflation-adjusted equivalent of an income of about $335,000 by 2020. After 20 years without indexing, the surcharge threshold would be roughly $250,000."
-- web site at www.abelard.org - news comment service, logic, economics energy, education, politics, etc over 1 million document calls in year past --------------------------------------------------------------------------- ----- all that is necessary for [] walk quietly and carry the triumph of evil is that [] a big stick. good people do nothing [] trust actions not words only when it's funny -- roger rabbit --------------------------------------------------------------------------- -----
On Sun, 08 Nov 2009 00:39:59 +0100, abelard wrote: > The tax would begin in 2011 on income above $500,000 for singles and $1 > million for joint filers. Assuming a 4% annual inflation rate over the > next decade, that $500,000 for an individual tax filer would hit > families with the inflation-adjusted equivalent of an income of about > $335,000 by 2020. After 20 years without indexing, the surcharge > threshold would be roughly $250,000."
My heart bleeds.
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The road the nation decided to take produced a perfect Eldorado to the most sordid and criminal speculators the world has ever seen, the type of citizen who has no regard for the people, the nation, or honor, and who cares not whom he ruins or the effect of his acts on national or international life. Many of them have borne great names; they have been regarded as leaders in the financial and social world; they have influenced and dominated governments.
>> "These stealth tax increases—forcing ever more Americans to pay higher >> tax rates on phantom gains in income—were widely seen to be unjust. >> And in 1981 as part of the Reagan tax cuts, a bipartisan coalition >> voted to index the tax brackets for inflation"
>> http://online.wsj.com/article/SB1000142405274870393290457451179417093... >> "The Pelosi-Obama health tax surcharge will have a similar effect. The >> tax would begin in 2011 on income above $500,000 for singles and $1 >> million for joint filers. Assuming a 4% annual inflation rate over the >> next decade, that $500,000 for an individual tax filer would hit >> families with the inflation-adjusted equivalent of an income of about >> $335,000 by 2020. After 20 years without indexing, the surcharge >> threshold would be roughly $250,000."
>> -- >> web site at www.abelard.org - news comment service, logic, economics >> energy, education, politics, etc over 1 million document calls in year past >> --------------------------------------------------------------------------- ----- >> all that is necessary for [] walk quietly and carry >> the triumph of evil is that [] a big stick. >> good people do nothing [] trust actions not words >> only when it's funny -- roger rabbit >> --------------------------------------------------------------------------- -----
-- web site at www.abelard.org - news comment service, logic, economics energy, education, politics, etc over 1 million document calls in year past --------------------------------------------------------------------------- ----- all that is necessary for [] walk quietly and carry the triumph of evil is that [] a big stick. good people do nothing [] trust actions not words only when it's funny -- roger rabbit --------------------------------------------------------------------------- -----
abelard wrote: > On Sun, 8 Nov 2009 12:26:42 -0800, "whitebread" <whitebr...@shop.ca> > wrote:
> >Why is this being posted to a Canadian newsgroup? Who the hell here cares a damn about > >your American taxes? Grow up or lose your account.
> are you really so dumb as to believe the same mechanisms > cease to exist or to work at the canadian border....
> nah, no-one's that dumb
I would imagine the rest of the world is tired of right-wing sniveling and whining, while they really don't do much of anything else. I know I wish I would have left this political shithole when it became evident that Republicans are a total political burden and nothing more.
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