Saturday, July 24, 2010

On December 31 of this year...

...this is what you are going to be forced to endure:

"The tax hikes will hit every income level. The top bracket would rise from 35 percent to 39.6 percent; the 33 bracket will rise to 35; 28 will rise to 31; 25 will rise to 28; and the lowest bracket, 10 percent, will rise to 15 percent -- a 50 percent hike. Capital gains taxes will rise from 15 percent to 20 percent, and the tax on dividends will skyrocket to 39.6 percent, which is a far cry from the current 15 percent rate. The marriage penalty will return, and the child tax credit will be cut in half from $1,000 to $500."

Try not to forget this when the time comes around. 
Please.

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