The Democrat tax increases coupled with the Republican Bailouts and Corruption will start to be felt by Tax Slave in just 5 months. They will hit families and small businesses in three great waves.
On January 1, 2011, here’s what happens…
Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts that were for Fat Cat investors, that crush small business owners, and families. They were window dressing and did not address the slavery and establishment of religion violations of the Income Tax and Socialist Security Medicare fraud. These will all expire on January 1, 2011.
Personal income tax rates will rise for the people that do not have the guts to “Just Say No” to this Fascist Theft.
The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). This is good. It will put pressure on the more wealthy to start fighting this Socialism/Marxism that they have tolerated since 1913 AD
The lowest rate will rise from 10 to 15 percent which is also good because people that have to choose between eating and taxes will revolt. This has happened historically many times s the straws on the Tax slave back become too great. They will end up having to choose between dying from exposer and hunger and rebelling against Obama’s religion of Marxism.
All the rates in between will also rise and this is good news for all the reasons listed above. Until Tax Salves have to choose between a new SUV and food they refuse to take action. Desperation is a good thing for rebellions against tyranny. And voting for Republicans will not solve the problem. The problem is caused, not by the elected government lackeys. It is caused by the Bankers and has been for over 200 years.
Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as highermarginal tax rates. This does not occur unless you file the voluntary 1040 forms. So you can avoid this problem by refusing to file a voluntary 1040 forms.
The full list of marginal rate hikes is below:
* The 10% bracket rises to an expanded 15%
* The 25% bracket rises to 28%
* The 28% bracket rises to 31%
* The 33% bracket rises to 36%
* The 35% bracket rises to 39.6%
But those only apply to voluntary “taxpayers.” Non-taxpayers with the intellect to study the law and the guts to stand up against tyranny and the religion of Marxism don’t have to be concerned. Perhaps you should take the time to learn the truth and then stop being a part of the voluntary slave system. After all if you know you are involved in a Ponzi Scheme the first thing you must do is stop paying into it. Those who continue to pay into a Ponzi Scheme have no one to blame but themselves. So if you do not like the voluntary tax rates STOP VOLUNTEERING. If you want to blame someone LOOK IN THE MIRROR.
Higher taxes on marriage and family.
The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income.
If you knew what a dollar was and you fought back against the liars and Individuals Representing Satan that tell you Federal Reserve notes are dollars then the average family would never even reach the voluntary filing requirement of $18,700. If, however, you calculate your income in silver dollars currently being minted by the US Mint and declared to be ONE DOLLAR by Congress then you would have to currently have 336,600.00 in income (whatever that is) before you would be required by voluntary compliance (LOL) to file a 1040 return that does not comply to the Paper Work Reduction Act because the OMB number does not comply because the IRS can’t find the law that requires a person to file so they cannot tell the OMB and so they CANNOT COMPLY.
31 USC § 5112 (e) Notwithstanding any other provision of law, the Secretary shall mint and issue, in quantities sufficient to meet public demand, coins which—
(1) are 40.6 millimeters in diameter and weigh 31.103 grams;
(2) contain .999 fine silver;
(3) have a design—
(A) symbolic of Liberty on the obverse side; and
(B) of an eagle on the reverse side;
(4) have inscriptions of the year of minting or issuance, and the words “Liberty”, “In God We Trust”, “United States of America”, “1 Oz. Fine Silver”, “E Pluribus Unum”, and “One Dollar”; and
(5) have reeded edges.
The child tax credit will be cut in half from $1000 to $500 per child.
The standard deduction will no longer be doubled for married couples relative to the single level.
The dependent care and adoption tax credits will be cut but if you do not file then you do not care.
The return of the Death Tax. Get rid of the Mark of the Beast Socialist Security number and you will not need to care.
This year only, there is no death tax. (It’s a quirk!) For those dying on or after January 1, 2011, there is a 55 percent
top death tax rate on estates over $1 million. A person leaving behind two homes, a business, a retirement account, could easily pass along a death tax bill to their loved ones. Think of the farmers who don’t make much money, but their land, which they purchased years ago with after-tax dollars, is now worth a lot of money. (Not really. It is worth a lot of Federal Reserve Notes) Their children will have to sell the farm, which may be their livelihood, just to pay the estate tax if they don’t have the cash sitting around to pay the tax. Think about your own family’s assets. Maybe your family owns real estate, or a business that doesn’t make much money, but the building and equipment are worth $1 million. Upon their death, you can inherit the $1 million business tax free, but if they own a home, stock, cash worth $500K on top of the $1 million business, then you will owe the government $275,000 cash! That’s 55% of the value of the assets over $1 million! Do you have that kind of cash sitting around waiting to pay the estate tax?
Not that $1,000,000 is actually 18,000,000 Federal Reserve Notes at current exchange rates with silver dollars mints as per 31USC § 5112 (e). If you just wake up and smell the tyranny and have the courage of the Foundling Fathers then you can be free. Naturally it is a VOLUNTARY CHOICE.
Higher tax rates on savers and investors.
The capital gains tax will rise from 15 percent this year to 20 percent in 2011.
The dividends tax will rise from 15 percent this year to 39.6 percent in 2011.
These rates will rise another 3.8 percent in 2013.
You can get an exemption from ObamaCare on religious grounds so maybe you should join a religion that opposes ObamaCare or ask your minister why they want to trust ObamaCare and not God. Once again… YOU HAVE A CHOICE if you have the intellect and guts to make the LIBERTY Choices.
None of the following apply to you if you join a religion that opposes the Religion of Marxism.
There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:
The “Medicine Cabinet Tax”
Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).
The “Special Needs Kids Tax”
This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children.
There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education.
Tuition rates at one leading school that teaches special needs children in Washington , D.C. ( National Child Research Center ) can easily exceed $14,000 per year.
Under tax rules, FSA dollars can not be used to pay for this type of special needs education.
The HSA (Health Savings Account) Withdrawal Tax Hike.
This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAsand other tax-advantaged accounts, which remain at 10 percent.
The Alternative Minimum Tax (AMT) and Employer Tax Hikes
When American SLAVES prepare to file their tax returns in January of 2011, they’ll be in for a nasty surprise-the AMT won’t be held harmless, and many tax relief provisions will have expired. So why would AMericans put up with the tyranny? Is it because they are ignorant of the truth or cowards or both?
The major items include:
The AMT will ensnare over 28 million families, up from 4 million last year but will not ensnare those that have brains and guts to stand up against such tyranny.
According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT willlead to an explosion of AMT taxpaying families-rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers. This is GOOD NEWS. More frogs to jump from the boiling waters. Turning up the heat will save more frogs, sheep and tax slaves. TURN UP THE HEAT
Small business expensing will be slashed and 50% expensing will disappear.
Small businesses can normally expense (rather than slowly-deduct, or “depreciate”) equipment purchases up to $250,000. Remember that $250,000 dollars actually equate to 4,500,000 Federal Reserve Notes.
This will be cut all the way down to $25,000 aka 450,000 FRNS. Larger businesses can currently expense half of their purchases of equipment.
In January of 2011, all of it will have to be “depreciated.”
Taxes will be raised on all types of businesses.
There are literally scores of tax hikes on business that will take place. The biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.
Tax Benefits for Education and Teaching Reduced. This is good news since the 10th plank of the Communist Manifesto is free education and there is no provision in the Constitution to pay for schools. Death to Public Education should e the battle cry of every Christian and American Patriot that wants to eschew Communism. The truth is that if you support the public education system you support Communism.
The deduction for tuition and fees will not be available. More Good news!
Tax credits for education will be limited. Great News!
Teachers will no longer be able to deduct classroom expenses. WONDERFUL!
Coverdell Education Savings Accounts will be cut. More help for the boiling frogs.
Employer-provided educational assistance is curtailed. Fantastic!
The student loan interest deduction will be disallowed for hundreds of thousands of families. Better and better!
Charitable Contributions from IRAs no longer allowed. I love it!
Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA. $100,000 AKA 1,800,000 FRNS. This contribution also counts toward an annual “required minimum distribution.” This ability will no longer be there.
For the Republican Original Version Click Here
And worse yet?
Now, your insurance will be INCOME on your W2′s!
You mean your Voluntary Withholding Allowance? Refuse to sign it or calculate you wages in US currently minted Silver dollars. Be a real patriot and stop being a tax slave. Fight back peacefully or SHUT UP, STOP COMPLAINING AND PAY.
One of the surprises we’ll find come next year, is what follows – - a little “surprise” that 99% of us had no idea was included in the “new and improved” healthcare legislation . . . those who backed this administration will be astonished!
Starting in 2011, (next year folks), your W-2 tax form sent by your employer will be increased to show the value of whatever health insurance you are given by the company. It does not matter if that’s a private concern or governmental body of some sort.
If you’re retired? So what… your gross will go up by the amount of insurance you get.
You will be required to pay taxes on a large sum of money that you have never seen. Take your tax form you just finished and see what $15,000 or $20,000 additional gross does to your tax debt. That’s what you’ll pay next year. (See what a REAL dollar is above)
For many, it also puts you into a new higher bracket so it’s even worse.
This is how the government is going to buy insurance for the15% that don’t have insurance and it’s only part of the tax increases.
Not believing this??? Here is a research of the summaries…..
On page 25 of 29: TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001, as modified by sec. 10901) Sec.9002 “requires employers to include in the W-2 form of each employee the aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income.”
- Joan Pryde is the senior tax editor for the Kiplinger letters.