Nobama
Очень мне нравится Обама: молодой, энергичный, образованный, говорит увлекательно, да и сама мысль выбрать первого черного президента импонирует. И решила я послушать, что же он так увлекательно говорит. Итак, что "день грядущий нам готовит" с президентом Обамой?
В основе всего сказанного им до сих пор лежит известный нам с детства девиз: "Экспроприация экспроприаторов". С той лишь разницей, что в Америке уже до него позаботились о том, что богатые должны помогать бедным. Для тех, кто не в курсе: самая богатая прослойка примерно в 1% зарабатывает 16% всего дохода и платит 30% всех федеральных налогов, а 10% богачей зарабатывает 30% дохода и платит 60% налогов.
Obama wants to increase taxes on those considered “wealthy” and start at individual income of $100,000. Here’s what he’s going to do according to his speech at National Democratic convention:
~Raise the top bracket of income tax (to what Bill Clinton proposed in 1993) to at least 39.6% from current 35%.
~Increase Social Security (FICA) tax by applying it to all personal income.
~Almost double capital gains tax from current 15%.
~Double the tax on dividends from the current 15%.
~Nix elimination of the estate tax and most likely lowering the threshold of which estates can be taxed.
Doubling capital gains tax would directly hit the stock market and real estate industry precisely when they are in trouble. But as we all know, whenever the capital gains tax goes up, revenue drops, and when it’s cut, revenue rises. Why? Because when the tax is cut, more people are willing to sell because less of this profit will go to taxes, and the more turnover there is in stock, the more money the government makes.
But the FICA tax increase will do the most damage. Currently, the tax is imposed only on the first $97,500 of income (this number is indexed to the cost of living and goes up every year). We pay only 6.2%, the sum which your employer will match. Eliminating the income cap - that’s what Obama means by saying that he wants us “to pay a little bit more”. At the democratic convention he said: “If we kept the payroll tax rate exactly the same but applied it to all earnings and not just $97,500, we could eliminate the entire Social Security shortfall”. The Cato Institute estimates that taxing all earnings at the current rate would raise about $1.3 trillion in additional revenue over the next 10 years.
During democratic debates in Las Vegas Obama defended his proposal: "Only 6% of Americans make more than $97,000 - so 6% is not the middle class - it's the upper class." Are companies going to pay their employees a salary of more than $100,000 a year if they have to fork over 6.2% of the raise to the feds? I don't think so. Here goes incentive to create high paying jobs.
So add Obama's taxes and weep:
Increase in income tax in the top bracket to - 39.6%
Lift the income cap on FICA tax (if self employed) - 12.4%
Medicare (no change) - 2.9%
Total federal taxes - 54.9%
Add in state and local tax (even after you deduct them on your federal return) and you're looking at paying 60% of your income in taxes.
And after all Obama would package his tax increase as a tax cut. Do you want to know how?
В основе всего сказанного им до сих пор лежит известный нам с детства девиз: "Экспроприация экспроприаторов". С той лишь разницей, что в Америке уже до него позаботились о том, что богатые должны помогать бедным. Для тех, кто не в курсе: самая богатая прослойка примерно в 1% зарабатывает 16% всего дохода и платит 30% всех федеральных налогов, а 10% богачей зарабатывает 30% дохода и платит 60% налогов.
Obama wants to increase taxes on those considered “wealthy” and start at individual income of $100,000. Here’s what he’s going to do according to his speech at National Democratic convention:
~Raise the top bracket of income tax (to what Bill Clinton proposed in 1993) to at least 39.6% from current 35%.
~Increase Social Security (FICA) tax by applying it to all personal income.
~Almost double capital gains tax from current 15%.
~Double the tax on dividends from the current 15%.
~Nix elimination of the estate tax and most likely lowering the threshold of which estates can be taxed.
Doubling capital gains tax would directly hit the stock market and real estate industry precisely when they are in trouble. But as we all know, whenever the capital gains tax goes up, revenue drops, and when it’s cut, revenue rises. Why? Because when the tax is cut, more people are willing to sell because less of this profit will go to taxes, and the more turnover there is in stock, the more money the government makes.
But the FICA tax increase will do the most damage. Currently, the tax is imposed only on the first $97,500 of income (this number is indexed to the cost of living and goes up every year). We pay only 6.2%, the sum which your employer will match. Eliminating the income cap - that’s what Obama means by saying that he wants us “to pay a little bit more”. At the democratic convention he said: “If we kept the payroll tax rate exactly the same but applied it to all earnings and not just $97,500, we could eliminate the entire Social Security shortfall”. The Cato Institute estimates that taxing all earnings at the current rate would raise about $1.3 trillion in additional revenue over the next 10 years.
During democratic debates in Las Vegas Obama defended his proposal: "Only 6% of Americans make more than $97,000 - so 6% is not the middle class - it's the upper class." Are companies going to pay their employees a salary of more than $100,000 a year if they have to fork over 6.2% of the raise to the feds? I don't think so. Here goes incentive to create high paying jobs.
So add Obama's taxes and weep:
Increase in income tax in the top bracket to - 39.6%
Lift the income cap on FICA tax (if self employed) - 12.4%
Medicare (no change) - 2.9%
Total federal taxes - 54.9%
Add in state and local tax (even after you deduct them on your federal return) and you're looking at paying 60% of your income in taxes.
And after all Obama would package his tax increase as a tax cut. Do you want to know how?