Saturday, November 01, 2008
Taxes
I'm no expert on taxes but I know I pay a lot of them. I'm trying to learn more about the Obama redistribution of wealth and how it affects the Briggs family. Details are sketchy, I heard from either his or Joe Biden's own mouth that taxes would not increase on those making over $300K, then $250K, then $200K, and now $150K. These were all audio clips that I heard. So where does that leave us?
An important thing to remember about the Bush tax cuts is that they are expiring soon. Will a democratic Congress and a Obama administration renew them. I think they have both said no. That means that tax brackets will increase by 3-4 percent on almost everyone paying taxes. While candidates will say that this isn't a tax increase, we all know it is. On middle class America, not just the rich.