Various Goodness:

Here’s one of the best mark-ups on how the coming healtchare legislation is going to impact you and I, the middle class:

http://endoftheamericandream.com/archives/the-health-care-bill-is-great-for-american-taxpayers-if-you-like-being-punched-in-the-groin

Also, here’s a mark-up on how 2011 will be the year of increased taxes:

http://theeconomiccollapseblog.com/archives/2011-the-year-of-the-tax-increase
Here’s a short list from the article:

1 – The lowest bracket for the personal income tax is going to increase from 10 percent to 15 percent.

2 – The next lowest bracket for the personal income tax is going to increase from 25 percent to 28 percent.

3 – The 28 percent tax bracket is going to increase to 31 percent.

4 – The 33 percent tax bracket is going to increase to 36 percent.

5 – The 35 percent tax bracket is going to increase to 39.6 percent.

6 – In 2011, the death tax is scheduled to return.  So instead of paying zero percent, estates of $1 million or more are going to be

1 – The lowest bracket for the personal income tax is going to increase from 10 percent to 15 percent.

2 – The next lowest bracket for the personal income tax is going to increase from 25 percent to 28 percent.

3 – The 28 percent tax bracket is going to increase to 31 percent.

4 – The 33 percent tax bracket is going to increase to 36 percent.

5 – The 35 percent tax bracket is going to increase to 39.6 percent.

6 – In 2011, the death tax is scheduled to return.  So instead of paying zero percent, estates of $1 million or more are going to be taxed at a rate of 55 percent.

7 – The capital gains tax is going to increase from 15 percent to 20 percent.

8 – The tax on dividends is going to increase from 15 percent to 39.6 percent.

9 – The “marriage penalty” is also scheduled to be reinstated in 2011.

It is being estimated that the total cost of these tax increases to U.S. taxpayers will be $2.6 trillion through the year 2020.

taxed at a rate of 55 percent.

7 – The capital gains tax is going to increase from 15 percent to 20 percent.

8 – The tax on dividends is going to increase from 15 percent to 39.6 percent.

9 – The “marriage penalty” is also scheduled to be reinstated in 2011.

It is being estimated that the total cost of these tax increases to U.S. taxpayers will be $2.6 trillion through the year 2020.

Finally:

4 New Things You Can Blame on Man-Made Warming:

–Al Gore acting poodle-ish.  “I get’s hot and I start losing control of my faculties and whatnots.” (Said in my best Al Gore voice)

–The recession.  Yes, you’ve caused it by drinking bottled water and driving to pick up your child yesterday from ballet when you should have walked.  Now we’re all jobless.  Thanks bunches.

–Energy Drink addiction.  It’s bad.  It’s really, really bad.

–A thirty-fold increase of belly-button lent. (Remember to recycle)


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Tuesday, July 27th, 2010 Fed Up's Blog

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