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Did you know about this article about taxes hike on the M.Class? Probably not....they pulled the article..but forgot to pull Yahoo Canada.

This article was pulled very quickly by the AP but opps...Canada didn't pull their article...yet.....
Backdoor taxes to hit middle class
Mon Feb 1, 4:09 PM
By Terri Cullen
http://ca.news.yahoo.com/s/reuters/100201/us/usreport_us_budget_backdoortaxes
NEW YORK (Reuters.com) --The Obama administration's plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.
In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars in tax breaks expire by the end of the year -- effectively a tax hike by stealth. Without annual legislation to renew the patch this year, the AMT could affect an estimated 25 million taxpayers with incomes as low as $33,750 (or $45,000 for joint filers). Even if the patch is extended to last year's levels, the ta

Answer Question
 
pvtjokerus

Asked by pvtjokerus at 10:39 PM on Feb. 2, 2010 in Politics & Current Events

Level 9 (308 Credits)
Answers (17)
  • The bottom line is....this is going to get ugly.
    pvtjokerus

    Answer by pvtjokerus at 10:44 PM on Feb. 2, 2010

  • Thanks for posting this. The excuse will be "Obama didn't raise taxes, he just let tax breaks expire." Of course, it will FEEL like higher taxes, you will PAY higher taxes, but it will be whitewashed.
    mancosmomma

    Answer by mancosmomma at 10:57 PM on Feb. 2, 2010

  • Oh yes, I've heard about this.

    Pelosi was very animate that it doesn't really count as a tax hike if it's just letting a cut expire...whatever Nancy, spin the words to make yourself feel good.
    Anonymous

    Answer by Anonymous at 10:59 PM on Feb. 2, 2010

  • Oh good lord, will you all get off this subject unless you can come up with a viable alternative. Nobody wants higher taxes, yet nobody can come up with something different to keep it from happening. Every time somebody brings up a suggestion the same people pick it a part. Which means, that they only want to be part of the problem not part of the solution.
    lori232

    Answer by lori232 at 11:30 PM on Feb. 2, 2010

  • Oh! I have a solution! We could all go back to providing for ourselves and not everyone else in this darn country. I'm pretty sure that would lower taxes.

    fluud7

    Answer by fluud7 at 11:50 PM on Feb. 2, 2010

  • YES! Thanks for posting this! It's just not enough that this admin. lies constantly for folks to "get it" ... :(
    agentwanda

    Answer by agentwanda at 11:57 PM on Feb. 2, 2010

  • link has been removed... :(  but I found this had been added:


    http://ca.news.yahoo.com/s/reuters/100202/us/usreport_us_budget_backdoortaxes_advisory


    ADVISORY: Backdoor taxes story Tue Feb 2, 1:35 PM The Feb 1 story headlined "Backdoor taxes to hit middle class" is wrong and has been withdrawn. The story said lower-income families will pay more under tax provisions scheduled to expire Dec 31. The Obama administration's budget calls for the extension of those tax provisions for households earning less than $250,000. There will be no substitute story.

    agentwanda

    Answer by agentwanda at 12:05 AM on Feb. 3, 2010

  • Another scrubbing of the "not so good" news
    SFerber

    Answer by SFerber at 12:25 AM on Feb. 3, 2010

  • hhhhmmmmmm looks like the media had something else wrong.
    lori232

    Answer by lori232 at 12:33 AM on Feb. 3, 2010

  • Michelle Malkin has a pretty good breakdown of a lot of the new taxes proposed in the new budget. She had a link to the yahoo article, with an update, but turns out the page can't be found!! Wonder why they pulled the article? Nothing in it that we didn't expect or know about. Something doesn't smell right.

    http://michellemalkin.com/2010/02/02/no-tax-left-behind/
    29again

    Answer by 29again at 12:34 AM on Feb. 3, 2010

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