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"But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." - John Adams

Monday, April 5, 2010

But I thought taxes weren't going up?

"But I though taxes weren't going up? Well, if you get your information from Obama's lapdog media you probably won't know any of this.
The 26 million small businesses in the US — like Eneslow Shoes, headed by CEO Robert Schwartz—are getting buried under an avalanche of new taxes, which include:

* An increase of 4.6% in federal taxes from 35% to 39.6% (expiration of Bush tax cuts)

* An increase in capital gains taxes from 15% to 20% (expiration of Bush tax cuts)

* A new tax of 3.85% on investment income, dividends, rents, royalties mandated in the new health care bill

* An increase in the Medicare payroll tax to 2.35% as mandated in the new health care bill

* In states like New Jersey and others, state and municipal taxes have been raised by the average of almost 2%"

hat tip to jamie wearing fool

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