I'm leaning towards worse. Read this and give your opinion on next years economy.
Answer by tyme4me2day at 1:48 PM on Jun. 10, 2010
Answer by 29again at 1:53 PM on Jun. 10, 2010
Answer by delilahsmom1177 at 1:54 PM on Jun. 10, 2010
Answer by Anonymous at 2:08 PM on Jun. 10, 2010
Answer by delilahsmom1177 at 2:18 PM on Jun. 10, 2010
"It shouldn't surprise anyone that the nine states without an income tax are growing far faster and attracting more people than are the nine states with the highest income tax rates. People and businesses change the location of income based on incentives."
The article is well-thought out and based on solid facts.
Answer by MunchMunch at 2:35 PM on Jun. 10, 2010
"On or about Jan. 1, 2011, federal, state and local tax rates are scheduled to rise quite sharply. President George W. Bush's tax cuts expire on that date, meaning that the highest federal personal income tax rate will go 39.6% from 35%, the highest federal dividend tax rate pops up to 39.6% from 15%, the capital gains tax rate to 20% from 15%, and the estate tax rate to 55% from zero."
Those aren't just taxes for rich people. Any middle class person who has any savings or investments will be hurt, as will retirees who are living off investment income. Estate taxes are the worst. That money was already taxed when it was earned, now it will be taxed doubly. People will end up selling the family home and the family farm in order to pay the taxes.
Answer by MunchMunch at 2:36 PM on Jun. 10, 2010
Answer by jewjewbee at 2:59 PM on Jun. 10, 2010
Answer by jewjewbee at 3:06 PM on Jun. 10, 2010
The result will be a crash in tax receipts once the surge is past. If you thought deficits and unemployment have been bad lately, you ain't seen nothing yet. ---
should have read further to the end-I can only say that I hope each and every Obama voter suffers as much as everyone else does next year, they afterall asked for it.
Answer by jewjewbee at 3:09 PM on Jun. 10, 2010