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FortWayne
2012 Oct 3, 5:42am
What does that have to do with these taxes?
Besides isn't most of that Obama debt coming from the Bush Iraqi war?
Well Obama said he wouldn't raise taxes on folks (married couples) making less than $250K/year and that holds true if you read the article's examples.
Won't affect me, nor anyone in my family except maybe my cousin in Los Altos who's husband is some Exec VP for a multinational. Frankly I'm of the opinion that those folks making millions and millions annually can pay a little more.
Our AGI was only about $113K in 2011 though it'll be a little more in 2012 we're a LONG, LONG way from every seeing this affect us unless the US Dollar is hyper-inflated. In such a hyper-inflation situation we'd all be SHTF anyway.
Not true, the debt was all done by Obama alone. Nothing to do with Bush! Stop blaming Bush.
Patrick, this is the second time (at least?!) repo4sale has posted this false debt graphic. I would consider banning his posts if he persists. You can check the debt facts here:
http://www.factcheck.org/2012/02/dueling-debt-deceptions/
or get nice summary here:
http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP-and-by-Presidental-Term.htm
or go directly to the source here:
http://www.savingsbonds.gov/NP/BPDLogin?application=np
Clever title designed to get clicks.
Title is misleading. The 3.8% is not a property tax. And, yes, it was passed with the Obamacare law in 2010. Where have you been?
"So, the Medicare tax will apply primarily to higher-income earners who realize gains that aren't sheltered by the exclusion amounts."
http://online.wsj.com/article/SB10000872396390444813104578016670323951186.html?mod=WSJ_hp_mostpop_read
"Passed in 2010 to help fund the health-care overhaul, this 3.8% surtax kicks in next year on many forms of investment income—including some interest, dividends, rents and capital gains."
"it won't apply to home-sale gains excluded from income under current law. But it could affect investors with outsize gains or gains from the sale of a vacation home or investment property."