Obama Would Bankrupt America with his Higher Taxes and Programs

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by an Obama Who? writer;

Biden comes out yesterday and tells us that paying more taxes is “PATRIOTIC.” It sounds more like he is playing Robin Hood.  Let’s take from the rich, give to the poor what is left after the government takes out a large chunk and then we will also hit the poor with other taxes.

Then when Biden’s comment comes under fire he blames the Catholic Church for it and says:  “Catholic social doctrine as I was taught it is, you take care of people who need the help the most,” he said. “Now it’d be different if you could make the case to me that by giving this tax cut to the very wealthy, everybody else was going to be better off. We saw what happened the last eight years when we gave that tax cut.”

http://poligazette.com/2008/09/19/biden-im-going-to-raise-taxes-because-my-church-told-me-to/

Mr. Biden, please pick up your Bible and learn a little bit from it.  I am a Catholic and yes, the Church does say to help the poor but nowhere does it say to tax people to death to do so.  It does say that God will provide.  The Bible says if you have two shirts then give one to the poor,  if you have two pairs of shoes then give one to the poor, it does not say tax the rich, take a large cut and then help the poor by not taxing them  too with as high a rate as the rich.  This is more of a bad Robin Hood type of thinking than Catholic Doctrine. 

St. Mathew was a tax collector and Jesus bid him to leave this to come and follow him.  In another part of the Bible they needed money and Jesus sent them to the river where a fish gave them a coin.  Jesus said “give onto Cesar what is his” meaning the money as Jesus wanted no part of money. Nowhere in Catholic Doctrine does it say to tax people.  Help the poor yes, you give what you can to help them and assist them but you do not play Robin Hood to do so.  Mr. Biden needs to brush up on the Bible and Catholic Doctrine as he is even wrong with his stand on abortion according to Catholic Doctrine. The Bishops have said they hope he is refraining from the sacrament of communion because of his pro abortion belief.  That is not Catholic Doctrine either. Don’t use the teachings of the church Mr. Biden that apparently you do not follow to try and cover up your stupid gaff. 

 http://www.freep.com/apps/pbcs.dll/article?AID=/20080825/NEWS15/808250326

After listening to Obama / Biden and their tax plans,  I also took the time to learn about them and the looks of it is not pretty.  First Obama wants to tax the sale of all homes with a new 28 percent tax. So every time you sell your house the government gets 28 cents out of every dollar plus you have to pay all the other fees that go with it.  Then Obama wants to raise to personal income tax to over 20 percent, raise taxes on small businesses to 40 percent, add taxes on electric, water, cable, phones, and other necessitates in life, tax your savings, tax 401k’s with an investment tax, raise the capital gains tax, and level taxes on everything he can think of. 

Every economist I have heard has said the same thing:

Obama will bankrupt America.

 

Here are some of Obama’s proposed tax increases:

DIVIDEND TAX

MCCAIN: 15% (no change)

OBAMA: 39.6%

MCCAIN:
0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax.

OBAMA:
28% on profit from ALL home sales

INCOME TAX (find your bracket)

MCCAIN: (no changes)

Single making 30K – tax $4,500
Single making 50K – tax $12,500
Single making 75K – tax $18,750
Married making 60K- tax $9,000
Married making 75K – tax $18,750
Married making 125K – tax $31,250

OBAMA: (reverse all tax cuts)

Single making 30K – tax $8,400
Single making 50K – tax $14,000
Single making 75K – tax $23,250
Married making 60K – tax $16,800
Married making 75K – tax $21,000
Married making 125K – tax $38,750

Under Obama, your taxes will more than DOUBLE!

INHERITANCE TAX

MCCAIN: 0% (No change, Bush repealed this tax)

OBAMA: Restore the inheritance tax

NEW TAXES BEING PROPOSED BY OBAMA

New government taxes proposed on homes that are more than 2400 square feet.

New gasoline taxes (as if gas weren’t high enough already)

New taxes on natural resources consumption (heating gas, water, electricity)

New taxes on retirement accounts, and last but not least….

New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!

 http://savagepolitics.com/?p=1865

Personally I cannot afford Obama.  Yesterday he is out there and telling people to go and talk to their neighbors, tell them if they say I will raise taxes it is not true, “Get in their face!”  Huh?  He tells people to go out to their neighbors and get in their face to help elect him? 

“Warning: If your neighbor’s got an “Obama ‘08″ bumper sticker or lawn sign, you might want to double-check your door locks at night. The One has commanded his Purveyors of Change to go forth and proselytize to the unbelievers. And they’re not going to be knocking gently like Avon Ladies.”

Barack Obama, you see, is done fixing souls. It’s time to crack heads. Prodded by panicked Democrats to take off his white gloves, he issued a Call to Strong Arm to his legions of angry followers on Wednesday. Hope is out. Hellfire is in. Now, the same analysts who tut-tutted Sarah Palin’s mild use of sarcasm at the GOP convention are heralding — in the words of the Obama water-carriers at the Associated Press — Obama’s “feistier, more sarcastic tone” and his push for Democrat activists “to sharpen their elbows, too.”

http://townhall.com/Columnists/MichelleMalkin/2008/09/19/obama_releases_his_in-your-face_hounds

Let’s face it and cut through the chase.  Obama is not going to do all the things he has promised to do, it is impossible for him to do so.  He is the standard political idiot who is doing and saying anything he can to get elected.  No matter what he says, he has a proven track record of being a constant liar.  So be aware, he WILL TAX US TO DEATH.  Personally I can’t afford him. Heck my electric bills are all ready as much as my house payments and I want more taxes on them?  His plans would take away so much of my paycheck I would have to get another job just to meet the taxes being taken out to make as much as I do now.  If your married and making 75 k a year and have a couple of kids they want $21,000.00 +  a year in taxes, plus the Social Security tax, plus in my case medical, plus state tax (if you have it) plus whatever other tax you get taken out.  Out of that 75 thousand you will bring home $54,000.00 a year just after Federal income tax without the other taxes involved.  Then add the new taxes on electric, gas, water, and everything else so and your 75k can shoot down fast to around 25k a year? Now, with a couple of kids this puts you below poverty level.  Then they want to tax your savings, put a special tax on homes over 2,400 square feet?   Many trailer homes fall into this category for a double wide so are they going to be taxed as well? In Florida you all ready have to have a sticker license on your trailer home just like a car and on a double wide that is 2 or 3 hundred a year so more taxes are needed?  This is a very frightening tax proposal menu Obama has here as it will hit all incomes across the board. 

For those of you who do not believe this, take a look at BO’s tax plans, the economists have and all of them say his proposals are a farce and will bankrupt America.  Just like the half a trillion dollars we the tax payers got strapped with today to bail out Fanny Mae and others we will be hit with taxes at every turn.  It is not OUR fault that greedy corporations have run their business into the ground or that the government is trillions in the red but we are the ones who will PAY for it.  All the programs Obama wants to put into place will cost 300 billion dollars in deficit spending just to get them started and we get to foot the bill for this also.  This will hit hard on the 60 percent of Americans who do pay taxes as 40 percent do not pay taxes at all. All these new taxes with the current economic problems will send this country straight into total bankruptcy.  Who will be the ones to suffer for this?  We will the tax payers and so will our children as our incomes shrink to the point where the children will have to do without just so we can meet the everyday needs of life. 

Ok, so I am going to vote my wallet. We need the tax relief John McCain is promising, not the tax burdens Obama is proposing. The economist in the article below supports the McCain budget:

http://www.theatlantic.com/doc/200809u/mccain-economics

 Do we need health care reform, sure do but not the way Obama is putting it out there.  Socialized medicine does not work and it is paid for by what?  Correct, more taxes.  I do not want my teenagers to enter the work force with their checks being shrunk to the point they could make more by staying home and getting an allowance.  This is not a joke and not something which should be taken lightly.  Bush has economically destroyed the economy in the last eight years.  With Obama’s taxes can we really afford four years or God forbid even eight years of him in the White house?  Time to do some serious thinking about how much more you are willing to give up to the Government out of your paycheck.  Personally, I think I am giving enough all ready and I am really not willing to give up more especially when it affects the children in my home and their future. 

 

Tags: bankrupt, Catholics, cost, costly, economics, Election 2008, highertaxes, how to pay for it, middle class, money, new taxes, rich, Robin Hood, spending