This will further damage the economy. Itemized deductions and
personal exemptions will again phase out, which has the same mathematical
effect as higher marginal tax rates.
Higher taxes on marriage and family
Higher tax rates on savers and investors.
There are over twenty new or higher taxes in Obamacare
The "Medicine Cabinet Tax"
The "Special Needs Kids Tax"
This provision of Obamacare imposes a cap on
flexible spending accounts (FSAs) of $2500 (Currently, there is no federal
government limit). There is one group of FSA owners for whom this new cap
will be particularly cruel and onerous: parents of special needs children
And many more to come.
Answer by jesse123456 at 9:29 AM on Aug. 4, 2010
I will gladly pay more taxes. That's how this Country is run. Damn people want everythign for nothing...
NO!!! The only peoplw who want everything for nothing are the ones who DON'T pay any income taxes (after getting it all back)!!! The people who are pissed are the ones who are already taxed up the wazoo!!
Unfortuately, all this means for us personally, is we'll end up donating less to charities next year. I'm all for supporting those in need, but i will not stop providing for or take from my OWN family before I provide/give to someone else's!
Answer by LoriKeet at 10:12 AM on Aug. 4, 2010
Answer by lovinangels at 10:27 AM on Aug. 4, 2010
Answer by NannyB. at 9:29 AM on Aug. 4, 2010
Answer by Youngwifey2 at 11:38 AM on Aug. 4, 2010
Answer by Iamgr8teful at 9:28 AM on Aug. 4, 2010
Answer by LoriKeet at 10:41 AM on Aug. 4, 2010
Answer by stacymomof2 at 11:27 AM on Aug. 4, 2010
The wars in Iraq and Afghanistan have cost us over a trillion dollars. Much more by some estimates. And there's more spending to come. http://www.nationalpriorities.org/cost_of_war_counter_notes
Now, do you think that TRILLION dollars didn't contribute to the fall of the economy or the debt? Remember, this didn't stay in our country as an investment. It was literally burned up in a war. Are you going to deny that the war has any effect on the economy?
Answer by stacymomof2 at 11:49 AM on Aug. 4, 2010
Answer by Farmlady09 at 12:13 PM on Aug. 4, 2010
Next question overall
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