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Thread: The Tax Tsunami On The Horizon

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    The Tax Tsunami On The Horizon

    The Tax Tsunami On The Horizon


    Fiscal Policy: Many voters are looking forward to 2011, hoping a new Congress will put the country back on the right track. But unless something's done soon, the new year will also come with a raft of tax hikes — including a return of the death tax — that will be real killers.

    Through the end of this year, the federal estate tax rate is zero — thanks to the package of broad-based tax cuts that President Bush pushed through to get the economy going earlier in the decade.

    But as of midnight Dec. 31, the death tax returns — at a rate of 55% on estates of $1 million or more. The effect this will have on hospital life-support systems is already a matter of conjecture.


    The Tax Tsunami On The Horizon - IBD - Investors.com






    There are no taxes going up for people....... Not one....
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    Re: The Tax Tsunami On The Horizon

    I will probably have to pay another 100K in taxes next year-up from about 285 or so now but if that causes a massive depression that sweeps that turd Obama out of office and many of his malignant moonbat toadies in Congress it would be a price worth paying.



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    Re: The Tax Tsunami On The Horizon

    So you admit you'd like to see the president fail. Pretty disgusting if you ask me.
    Ever have to dance with the devil in the pale moonlight?
    Scales in the grass but the scales don't move right?

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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by The Dane View Post
    So you admit you'd like to see the president fail. Pretty disgusting if you ask me.
    yeah I'd like to see him impeached tomorrow along with Pelosi, Biden and the rest of those scum. The less Obama accomplishes the better off America is. Obama's agenda is to ruin America so his failure is good for those of us who care about our once great nation.

    I give that ass the same amount of respect most of the dems gave W.



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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by TurtleDude View Post
    I give that ass the same amount of respect most of the dems gave W.
    The truth that we've all known for a long time....rears its ugly head. With TD and his ilk...it has nothing to do with Obama or his policies...its all about political payback for their failed hero.

    At least you are honest about it.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by disneydude View Post
    The truth that we've all known for a long time....rears its ugly head. With TD and his ilk...it has nothing to do with Obama or his policies...its all about political payback for their failed hero.

    At least you are honest about it.
    1) Politicians are not my heroes. I don't worship government or the people who run it.

    2) Obama is a lousy president, an overrated nobody who got to where he was by affirmative action and white guilt. He had done nothing to suggest he was qualified to be a president, let alone a senator

    3) Dems disrespected Bush constantly. Why should I respect an assclown who wants to jack up my taxes etc? Bush never declared war on dems but Obama has declared a fatwah against the people who already pay most of the federal income tax in this nation. Since he sees people like me as an enemy, I sure plan on bashing that lamer as much as I can.



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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by TurtleDude View Post
    1) Politicians are not my heroes. I don't worship government or the people who run it.

    2) Obama is a lousy president, an overrated nobody who got to where he was by affirmative action and white guilt. He had done nothing to suggest he was qualified to be a president, let alone a senator

    3) Dems disrespected Bush constantly. Why should I respect an assclown who wants to jack up my taxes etc? Bush never declared war on dems but Obama has declared a fatwah against the people who already pay most of the federal income tax in this nation. Since he sees people like me as an enemy, I sure plan on bashing that lamer as much as I can.
    Try to cover it up....but a zebra can't hide its stripes.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: The Tax Tsunami On The Horizon

    "Small businesses can normally expense (rather than slowly deduct, or 'depreciate') equipment purchases up to $250,000," says ATR. "This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be 'depreciated.'"
    This one provision is absolutely HUGE. The 'death tax' is merely confiscation of wealth, as everyone knows. We're in a complete mess -- and there's not one darned thing we can do about it. Not one. This will likely not be acted upon until after the November election. We're skrood.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by The Dane View Post
    So you admit you'd like to see the president fail. Pretty disgusting if you ask me.
    This is pretty ignorant if you ask me. I'd like to see the president fail too. Everything this president stands for is something that I don't. If he falls short of success in increasing social welfare programs, increasing taxes on the rich and middle class (and even the lower class), increasing government power and rolling over for foreign leaders then yes I will celebrate. Wanting the president to fail is NOT the same as wanting the country to fail. Please step back into the world of reality where reason still reigns supreme.

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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by TurtleDude View Post
    yeah I'd like to see him impeached tomorrow along with Pelosi, Biden and the rest of those scum. The less Obama accomplishes the better off America is. Obama's agenda is to ruin America so his failure is good for those of us who care about our once great nation.

    I give that ass the same amount of respect most of the dems gave W.

    Hhmm.. Impeached tomorrow;as long as were on the law and order kick. Would you do that before or after you tried Bush and Cheney for war crimes in an International Criminal Court?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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