Under Obama Taxes Reach Lowest Level Since Truman

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snatultinty of MO 12:01AM January 11, 2013

Come Janury, ObamaCare will be the biggest tax increase in history. In facft, here are the top five worst tax increases coming Jan 1, 2013 (and ObamaCare will not even be fully implemented):
The Obamacare Medical Device Tax – a $20 billion tax increase
The Obamacare “Special Needs Kids Tax” – a $13 billion tax increase
The Obamacare Surtax on Investment Income – a $123 billion tax increase
The Obamacare “Haircut” for Medical Itemized Deductions – a $15.2 billion tax increase
The Obamacare Medicare Payroll Tax Hike -- an $86.8 billion tax increase

Ron of FL 6:13PM September 28, 2012

ahahahahahaha! lower taxes? your a moron. Let's explain this phenomenon. the median US income in 2007 was 52,673 the median income in 2010 was46,326. therefore the tax percentage would actually be higher. This equates to a net income in 2007 of43553 and a net income of 39470 in 2010. Americans lost 4083 a year of net income. Now let's factor in Obamacare the cost for group health coverage has more than tripled in the past three years. Let's explore why?? Well lets pretend I am CEO of an HMO and I have a president that is going to mandate health insurance for all Americans HMMM I wonder if I shouldn"t raise my rates? Gee thats a no brainer. There goes another 12,000 a year out of the family budget. Now the average net income just plummeted to 34287. Factor in the almost tripled food, and utility prices not too mention gas prices. The average family doesn't have a dime left. These aren't the rich suffering these are the average median families. And yet you have the audacity to publish this nonsense. Stupid or Evil that's the question people should be asking!!!!!!!!

tina of PA 10:16PM May 14, 2012

I think you should re-read the taxes. I worked in the1960's, and never had taxes as high as they are today. Also, compare the Gas tax of Truman's years, to the Gas tax today. The reason for the tax income being low, is due to the jobs being history. Our economy sucks, and he is giving the Terrorist nations $Billions while the American people are getting shorted.

Redfox007 of MT 11:09PM March 17, 2012

Face it you're preaching to people like Bilbo who like to change Barack to Barry just to be insulting and not call the man by that "ferrin" name.
Any progress is 'in spite of' Obama, every move countered by the lobbyists and Republican congress that causes us to not move forward proves Obama is bad. You cant convince them. They think that 'not thinking too much about' Bin Laden was better than tracking down the madman who attacked us and killing him.
They think that asking the rich to pay the same percentage in taxes as a secretary is class warfare and that corporations are people and would NEVER try to buy an election with their billions of untraceable wealth donated to super PACS.
I dont know what happend to the conservatives I grew up with but they sure arent what exist today. These people are head in the sand nuts.

Ed White of VA 1:37PM February 10, 2012

Thomas of PA wrote “The dow was around 8,000 when Obama took office, its now at 12,000 after two years of policies.”
That would be in spite of two years of policies.
First let me address “8 year run up to economic disaster(2000-2008)”. You did not directly lay blame on Bush’s shoulders, except by time period. Bush tax cuts did increase government revenue by 4.06 %. Top 40 % paid 99.1 % of government revenue. Due to higher income bracket investing & creating jobs.
Bush inherited Clinton’s bad housing plan along with Acorn & lawyer barry attack to force banks to make bad loans, thus sub-prime. Using liberals stand-by “racism”. Bush from year one tried to stop the recession.
Wall Street salvation was Bush’s TARP, which was shared with barry. Shortly after barry taking office, Wall Street began recovery. Too short to give credit to barry. barry actually stunted recovery. Obamacare cost AT&T $$$ 1 billion, Caterpillar $$$ 250,000, etc. As examples. Barry lied to Bill O’, he did increase taxes many times in obamacare, as well as cigarettes.

Bill Hedges of MO 11:42PM February 08, 2011