Is Obama Planning a Surprise Tax Hike?

Boo hoo. I feel so sorry for the rich people.

of AZ @ Nov 10, 2008 17:32:16 PM

So?

I sure hope so. Whats so bloody wrong with socialism, anyway? Rich greedy pigs should pay most of their income in taxes, it's what they deserve for putting money first in their lives. I deliberately live below the federal minimum taxable income, and pay no taxes. If you want a tax cut, just make less money, it's that easy. If we have to have a government, shouldn't we have a right to expect something from it? Canada and other more progressive countries pay about the same amount of taxes as us Americans, but they get so much more for their contribution. Why shouldn't I be able to have health care and an education, without going deep into unmanageable debt or wasting my whole life working at a job? Sorry, I have better things to do with my time here on Earth.

Justin V of OR @ Nov 10, 2008 17:17:49 PM

It's actually worse . . .

Because the surtax is on adjusted gross income, not taxable income. Sounds like a tax geeky distinction but it means that it's actually the equivalent to something more than a 5% tax increase.

Boris Bittker @ Nov 10, 2008 17:10:42 PM

A left wing politicain lied about raising taxes?

I'm shocked! The media told me that it was to be nothing but unicorns and rainbows!

Next thing you'll be telling me that business owners will respond with layoff and by moving their companies over seas.

Warden of OH @ Nov 10, 2008 16:47:05 PM

Predictable

I keep hearing that chorus from R.E.M. -- "IT'S THE END OF THE WORLD AS WE KNOW IT ..."

Joshua S. Rubenstein of NY @ Nov 10, 2008 15:48:16 PM

This is not a surprise to those who've been paying attention...

Surprise? You're kidding, right?

Who is surprised by this, other than those legions of the impressionable who have been unflinchingly swallowing Obama's kool aid about non-existent "tax cuts" that are really not tax cuts (they're tax credits, as no tax rates will be cut) for the last two years?

This was entirely expected, predictable and would have been a scoop to any reporter who had actually dared to question Obama rather than try to elbow his way to the front of the line to try to make put with him.

Why didn't members of the "fourth estate," whose self-appointed mission it was to speak truth to power, ask Obama some actual questions about the flagrant holes in his "spread-the-wealth-around" tax plans? They were too busy asking questions like "what does it feel like to win?"

Good Lt of PA @ Nov 10, 2008 15:33:32 PM