taxes going up....1 trillion in new taxes...

Taxes Taxes Taxes....
OVER 1 TRILLION IN NEW TAXES

I just read this article on drudge report and my mouth almost dropped.... http://blogs.abcnews.com/politicalpunch/2009/02/obamas-budget-a.html Obama is sticking to his word, and sticking it to the "so called" wealthy and to businesses. He is also sticking to his word that he is not sticking it to anyone under $250,000. But that really doesn't sit well with me. Granted business has not been too good for me over the past two years as the result of the slowing economy, so I wont' make that 250K mark... but I have made over 250K a year before (I'm not going to lie to you...the wedding business has been very good to me, in fact all my businesses have been good to me). And I don't know if I'm being greedy or selfish here, but I think if I earned it, I should be able to keep it, and NOT be penalized more. While business has been slow, I am opening up two new businesses this year, and I'm hoping and praying, I'll make tons of money. I plan to invest into the stock market this year, (NETFLIX seems like a good pick as well with gold), but just because I'm taking a risk, and possibly earning from it...why should I get penalized for it with more taxes?

I'm just a little confused here, because Obama seems to be speaking out of both sides of his mouth. He says to everyone that he believes in the American Dream, but it seems as though once you accomplish it, or come close...he'll penalized you for it. Government should not be taking care of us....we ourselves, we the people, should be taking care of our ownselves. We are not a welfare nation, but a nation who believes in personal responsibility. And I know Obama says he believes in personal responsibility, but then he says he believes that middle class should not carry the burden of the wealthy...I don't understand what he's saying? What burden do the wealth put on the middle class? Are the wealthy that evil? I once made a lot of money...am I evil? To me, the wealthy provide jobs for the middle class and poor, to funding many of the innovations in the world. The first computer, the first airplane, the first car, all funded by the wealthy, and foremost bought by the wealthy. Remember the 1st plasma...10,000 dollars for that thing, and only the wealthy could get those. Now, at Costco, you can get a 60 inch plasma for 1500 dollars.... If the wealthy would not have funded the research, and if the wealthy would have not purchased the initial life of plasmas....guess what, there'd be no plasmas.

What Obama is doing is taxing productivity, and it's not fair at all. He's taxing oil companies. And I don't care how much oil companies make in profits, the government makes more profit from oil...then the oil companies themselves....

I'm just really throwing up my hands right now and saying...."what the hell?...Really Obama? Really..."

-----------------------------------------------

On people making more than $250,000.
$338 billion - Bush tax cuts expire
$179 billlion - eliminate itemized deduction
$118 billion - capital gains tax hike

Total: $636 billion/10 years

Businesses:
$17 billion - Reinstate Superfund taxes
$24 billion - tax carried-interest as income
$5 billion - codify "economic substance doctrine"
$61 billion - repeal LIFO
$210 billion - international enforcement, reform deferral, other tax reform
$4 billion - information reporting for rental payments
$5.3 billion - excise tax on Gulf of Mexico oil and gas
$3.4 billion - repeal expensing of tangible drilling costs
$62 million - repeal deduction for tertiary injectants
$49 million - repeal passive loss exception for working interests in oil and natural gas properties
$13 billion - repeal manufacturing tax deduction for oil and natural gas companies
$1 billion - increase to 7 years geological and geophysical amortization period for independent producers
$882 million - eliminate advanced earned income tax credit

Total: $353 billion/10 years

So here's Obama's plan. To give 95% of all American's a tax break. 50% of the people in America don't pay any taxes, so they'll just get a check. The stimulus results in $13 more in your pocket each week, and that's his stimulus, along with pork barrel spending and hiring construction companies to dig up holes, and another to bury it. Then, to tax businesses, and those who are most productive in this nation, to pay for his plan. This is how he plans to run America's economy? I swear, we are on a path to socailsm...and it's scary.

So if want less rich people in the world...who then is going to invent the next revolutionary gizmo? The government?