Obama's tax plan............please read!!

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It has changed AGAIN....the definition of wealth to Obama / Biden keeps changing and before you know it, we will be down to his recorded vote of taxing those making as little as $42,000.00!!!!!!!!!!!!....................

 

Dear Newsmax Reader:

Obama made it crystal clear to Joe the Plumber that he plans a massive redistribution of wealth — taking your wealth!

Oh, just so you know, Obama's plan defines 'rich' anyone making over $90,000 a year, because that's when his FICA tax cap comes off and you start paying an addition 7% of tax on each and every dollary you earn above the cap!

And if you are making just $50,000 a year or more — expect to pay another 4.5% on each and every dollar you earn starting in 2010. That's when the Bush tax cuts expire.

'President Obama' has emphatically states he will expire those cuts for "rich" people like you.

Obama's crazy plan must be stopped. It will not only cost you money, it will throw the U.S. economy into a depression.

Recently, I asked a wealthy Republican to make a donation to our National Republican Trust PAC and our important cause to expose Obama's plans.

He said, "No."

I was surprised by the terse response.

He agreed with us that our cause was absolutely vital and that Barack Obama poses a real threat to America's national and economic security.

He then told me his stock portfolio was way down and he just felt "tapped out."

We understand that not everyone can donate and that the financial crisis is hurting most Americans — even people who are well off.

But here's what I told our friend, "Pay now or pay later."

He asked, "What do you mean?"

"Well, you can donate to us — and $5000 is not a huge amount considering your wealth," I said.

I added, "Or you can pay the IRS a fortune if Obama gets elected."

I then rattled off all the taxes our potential benefactor was going to almost immediately begin paying if Barack Obama gets elected president:

— removal of the FICA tax cap, meaning all ordinary income above $97,000 will be taxed an additional 7%!

— the Bush tax cuts will not be renewed in 2010 — meaning everyone in the upper tax brackets will have an immediate almost 5% increase in income taxes

— an increase in the dividend tax from 15% to at least 20%

— an increase of the capital gains tax from 15% to as high as 28%

— and estate taxes will skyrocket.

I told my friend that Obama has stated very clearly he will do all this and more.

Indeed, Obama has risked his whole election by promoting these tax proposals because he wants to claim a "mandate" for such "change."

He wants to, as he told Joe the Plumber, "spread the wealth around" by taking your hard earned money!