In the movie "Hellboy", Grigori Rasputin offers Trevor "Broom" a glimpse into the future, when, under the rule of Ogdru Jahad, darkness and evil reign.
Enter the Obama administration and the Democratic Party....
Well, I'll play Rasputin, you get to be Broom (the good guy), and I'm going to show you the future, should O-gdru-bama be re-elected.....
First: ALREADY IN PLACE, unless repealed by a Conservative majority, is the LARGEST tax increase in US history. Folks, Democrats have ALREADY passed these tax increase and THEY WILL BECOME LAW ON JANUARY 1ST, 2013. They include (if I listed all of them, it would read like the 2700 page healthcare bill...):
Increases in personal income tax:
-The 10% bracket rises to a new and expanded 15% (Middle Class tax increase)
-The 25% bracket rises to 28% (Middle Class tax increase)
-The 28% bracket rises to 31% (Middle Class tax increase)
-The 33% bracket rises to 36% (Middle Class tax increase)
-The 35% bracket rises to 39.6% (This is the "tax the rich" tax which, by the way, includes nearly EVERY small business in America)
Higher taxes on marriage and family coming on January 1, 2013. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of taxable income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level.
Middle Class Death Tax returns on January 1, 2013. The death tax is currently 35% with an exemption of $5 million ($10 million for married couples). For those dying on or after January 1 2013, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
Higher tax rates on savers and investors on January 1, 2013. The capital gains tax will rise from 15 percent this year to 23.8 percent in 2013. The top dividends tax will rise from 15 percent this year to 43.4 percent in 2013. This is because of scheduled rate hikes plus Obamacare’s investment surtax.
Obamacare-related tax increases:
The Obamacare Medical Device Tax begins to be assessed on January 1, 2013. Medical device manufacturers employ 409,000 people in 12,000 plants across the country. This law imposes a new 2.3% excise tax on gross sales – even if the company does not earn a profit in a given year. Exempts items retailing for <$100.
The Obamacare Medicare Payroll Tax Hike takes effect on January 1, 2013. The Medicare payroll tax is currently 2.9 percent on all wages and self-employment profits. Starting in 2013, wages and profits exceeding $200,000 ($250,000 in the case of married couples) will face a 3.8 percent rate.
The Obamacare “Special Needs Kids Tax” comes online on January 1, 2013. Imposes a cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. This Obamacare cap harms these families.
The Obamacare “Haircut” for Medical Itemized Deductions goes into force on January 1, 2013. Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only.
Other tax increases:
The Alternative Minimum Tax and Employer Tax Hikes
When Americans prepare to file their tax returns in January of 2013, they’ll be in for a nasty surprise—the AMT won’t be held harmless, and many tax relief provisions will have expired. These tax increases will be in force for BOTH 2012 and 2013. The major items include:
The AMT will ensnare over 31 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 31 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.
Full business expensing will disappear. In 2011, businesses can expense half of their purchases of equipment. Starting on 2013 tax returns, all of it will have to be “depreciated” (slowly deducted over many years).
Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.
Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families.
Charitable Contributions from IRAs no longer allowed. Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA. This contribution also counts toward an annual “required minimum distribution.” This ability will no longer be there.
Again, folks, these are tax increases that ARE ALREADY ENACTED BY DEMOCRATS IN CONGRESS AND OBAMA. They aren't "proposed"; they are PASSED.
Second: OTHER things we'll be seeing
- VASTLY EXPANDED PRO-ABORTION LAWS. These WILL include expanded partial-birth abortion "freedoms", MORE federal funding for foreign abortions and WILL ALSO INCLUDE attempts, which will be prompted by Obama, to repeal the "Born Alive Act".
- VASTLY EXPANDED "GAY RIGHTS" LEGISLATION. A concerted effort to further reduce the sanctity of "family" is, and will continue, to be a key goal of The Democratic Party.
- CONTINUED, AND ACCELERATED, VIOLATIONS OF THE FIRST AMENDMENT. This will include a continued, and accelerated, attack on Christianity, a continued attack on free speech and will now include an attack on rights to peaceably assemble.
- VASTLY INCREASED ENCROACHMENT, WITH REGARD TO DOMESTIC SURVEILLANCE. The Obama administration will continue to redefine "domestic terrorism" to ONLY include Republicans, Conservatives and Christians.
- AS A DIRECT RESULT OF INCREASED TAXATION: Dramatic increases in unemployment, expanded food stamp and welfare and severe healthcare rationing. (REMEMBER: Obama's own Czar said THIS WEEK that healthcare WILL BE RATIONED TO THE ELDERLY (even used the phrase "death panels").
- A CRIPPLED DEFENSE STRUCTURE: In the next four years, the US Military will be severely weakened, both by crippling rules of engagement (such as Hillary Clinton's decision to NOT ALLOW the Marines guarding the Embassy in Libya to be armed), as well as HUGE cuts in defense budgets. Couple that with HUGE cuts to intelligence networks, and we have the EXACT same circumstances that we had under Bill Clinton, which, of course, led to 9/11.
- BECAUSE OF INEPTITUDE AND COWARDICE: North Korea will attempt a move into South Korea, Iran will expand its influence in the region, Russia will move toward Communism again, Venezuela will begin Imperialistic efforts in South America. America, under Obama, will respond with NOTHING.
Folks, NONE of these prediction are without foundation. In fact, we've ALREADY seen steps, under Obama, in this direction. His re-election will be considered (by him) to be an affirmation of these Socialist policies.
....and, quite frankly, he'll be right.
If our country is NOT worth fighting for, then stop fighting. Give up. Perhaps the Framers were wrong: maybe the world DOESN'T need a sanctuary for Liberty.
Remember, folks, as you make your personal decision about whether Freedom and Liberty matter to you:
The oppressed, ultimately, CHOOSE oppression.
....I hope that you come to the right decision...
Hirota: praying.
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