Tuesday, October 19, 2010

Another Warning . . . Hope It Works, This Time

Just in case you were still wavering about who to vote for on 11/2/2010 in terms of which candidate would have the best interests of our country and We the People at heart . . . here's reminder of some "warnings" given prior to the 11/4/2008 Presidential election.

These warnings clearly described what Mr. Obama intended to impose on the country in the name of "social justice." Unfortunately, not enough of the majority listened to the warnings then . . . and here we are now.

These numbers were compiled not by me but by knowledgeable individuals. Don't just take my/their word for it . . . go do your own research; this information is (still) easily accessible online and elsewhere. Then, do what you must do now to prepare yourselves and your families for the continuing financial destruction of our country -- IF we don't start to make drastic and dramatic changes to the Congress on 11/2/2010.

Take a look at this list and see for yourself whether or not the warnings in 2008 about Mr. Obama and his plans were accurate before the 2008 elections.

If you do see how accurate the warnings were then, please heed them now and make sure to vote for the best qualified candidates who will really "support and defend the Constitution of the United States against all enemies, foreign and domestic" as opposed to those who continue to want to "fundamentally transform" our Country into a Socialist State.

If you do not see the accuracy of the warnings from 2008 and are not even more frightened than you should have been, then, maybe where we are now is where you feel our Country should be . . .

Originally appeared in late 2008, shortly prior to the Presidential elections.


This is something you should be aware of so you don't get blind-sided. This is really going to catch a lot of families off guard. It should make you worry.

These were the proposed changes in taxes to take effect after the 2008 General election according to each candidate:


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

OBAMA:   28% tax on profits from ALL home sales.

This, of course, is dependent on whether one can even sell one's house at all. We pulled our house off the market in early 2009. We're just going to wait to see if the market value ever breaks even with the mortgage balance one of these years, (ideally before we pay it off).

How does this affect the country?

If you sell your home and make a profit, you will pay 28% of your "capital gain" profits in taxes.  Those "profits" are generally what allow people to put a substantial down payment on the next, ideally upgraded, house.  If this tax stays, better rethink upgrading to a larger or "nicer" home . . .ever.

If you are heading toward retirement (as millions of us are) and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. In addition to those who simply want to "upgrade" to another home, this will particularly adversely affect the elderly who are counting on the income from their homes as part of their retirement income.

Add this to the $500,000 cut in Medicare funds along with the administration's concerted efforts to destroy all the "Medicare advantage plans" (such as Humana), and the forthcoming taxes from the "health care reform" plan, senior citizens had better prepare very quickly to be able to take care of themselves by themselves. Those of us who are quickly heading to that category had better pay close attention, too.


MCCAIN 15% (no change was proposed)

OBAMA 39.6% increase

How will this affect you?

If you have any money invested in stock market -- and most of us do in one way or another: IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama becomes president.

The experts predict that 'higher tax rates on dividends and capital gains' would crash the stock market yet do absolutely nothing to cut the deficit.

In case you missed it, this take over was implemented in August/September 2010 when the government passed regulations on individual retirement accounts.

INCOME TAX -- These were related to the supposed Bush Tax Cuts "for the rich" that Obama claims are "unfair to the middle class." It seems to me, dummy that I may be, that when 01/01/2011 rolls around and the current tax levels have been allowed to expire by our cowardly representatives, ALL taxpayers will get quite a hit in the financial gut, whether or not we are "rich" by any one's definition.

The current tax rates that have been in place for 10 years are:

* Single person making 30K/year pays $4,500/year in taxes

* Single person making 50K/year pays $12,500/year in taxes

* Single person making 75K/year pays $18,750/year in taxes

* Married couple making 60K/year pays $9,000/year in taxes

* Married couple making 75K/year pays $18,750/year in taxes

* Married couple making 125K/year pays $31,250/year in taxes

The above does not even reflect other tax deductions such as the "earned income" tax credit for people who don't meet a certain minimum and a myriad of other deductions that used to be available to the middle class as well as the so-called "rich."

The OBAMA Tax Plan effective 01/01/2011 will be for all Americans -- NOT just the supposed big, bad "rich:"

* Single person making 30K/year will pay $8,400/year (almost double from 2010)

* Single person making 50K/year will pay $14,000/year ($1,500 increase from 2010)

* Single person making 75K will pay $23,250/year ($4,500 increase from 2010)

* Married couple making 60K will pay $16,800/year ($7,800 increase from 2010)

* Married couple making 75K/year will pay $21,000/year ($2,500 increase from 2010)

* Married couple making 125K/year will pay $38,750/year ($7,500 increase from 2010)

Under Obama your taxes will more than double! How does this affect you? No explanation needed. This is pretty straightforward.

Personally, that tax table scares the living daylights out of us.  Where are we going to have any small funds left to even survive with the bare necessities? 

This is the "social justice" and "leveling the playing field" that Mr. Obama spent two years spouting during his presidential campaign -- yes, all two years of it, not including 2008.

Is this what the majority of folks thought he was talking about?  I would say, more than likely not.  Unfortunately not enough of the regular We the People listened closely enough or paid enough attention to realize what the main was saying very clearly: "share the wealth!"

But, in case you need a hint . . .

Increased taxes mean less money in our pockets to spend on anything from keeping a roof over our heads (and all the attached costs), to a car in the driveway (and all the attached costs), to food on our tables (and all the attached costs), to clothes on our backs.

Increased taxes mean we have less money for "stuff" and "activities." (Not to go off on a tangent . . . maybe none of that matters when put in the context of the government telling us what to eat, wear, drive, and where to go for entertainment . . .)

Regardless, less spending on "stuff" and "activities" (i.e., movies, restaurants, shopping, trips, etc) means that those whose livelihoods depend on those expenditures will likely go out of business -- like the millions upon millions of small business owners who will feel the tax increases like a sledgehammer to the gut.

I do not think any one's taxes should increase. I am not proponents of class warfare and feel no animosity towards those who worked their butts off to earn their money, except for the millionaire career politicians (Reid, Pelosi, Obama, Boxer, Biden, Rangel, et al) who have made their fortunes off the backs of the taxpayers.

Those who worked hard for their money -- whatever amount they earn themselves, through the sweat of their brow -- should keep the majority portion -- not just what the government feels is "enough."


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

OBAMA: Restore the inheritance tax

This reinstatement is already in place and in effect.  How does this affect you?

Many families have lost businesses, farms and ranches, and homes that have been in their families for generations because they could not afford the inheritance tax.

If you're just waiting for a rich uncle to die and leave you the funds, well, forget it.  You'll probably end up owing more to the government than you even inherit.  Those who leave their assets to loves ones will most likely lose these assets.

It almost makes better fiscal sense to have it buried with you!


As of October 2010, the majority of these taxes have either already been implemented or are on the verge of going into effect in 2011.

* New government taxes proposed on homes that are more than 2400 square feet (related to "energy efficiency")

* New gasoline taxes (as if gas weren't high enough already.  These taxes are to "encourage" the purchase of "green" vehicles . . . whenever they are supposedly affordable enough!)

* New cigarette taxes (As if force and coercion work with everyone.)

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

Obama had clearly said that energy costs would "necessarily skyrocket" when his energy plan went into effect. Although Cap-n-Tax was stalled in the Senate this time, there are lots and lots of corollary energy "regulations" already in the pipeline from the EPA.  In case you missed that . . . the EPA now no longer reports to the Congress.

* New taxes on retirement accounts

On top of the increased income taxes, inheritance taxes, investment taxes, health care taxes, and energy taxes . . .

Sounds like "Utopia" to me, don't ya think?!? A real "workers' paradise!"

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 . . . you know, the ones whose government representatives come to the US for their health care. 

Wonder where they'll go now?  We better pay attention . . . that may be our only option to stay alive, too.

It's up to us now folks to make sure that this time we get it right. We have got to get rid of every single "representative" who voted to pass any of the economy destroying "plans" from late 2008, January 2009 to the end of the current 2010 Congressional session.

If we don't get the right folks up to DC starting in January 2011 and continuously from then on for years, we may as well kiss the Republic of the United States of America good-bye forever.