What Barack Won't Tell You About His Tax Plan!

No this is not good for us OR America as a whole, but the democrats don't care about that. All they care about is grabbing all of the power they can, making Americans completely dependent on the government, and enslaving the American people through there socialist agenda. All under the guise of a free lunch... universal health care and cradle to grave nanny state policies. His plan and Hillary's plan don't differ much, and his promise of change is an empty lie. Income taxes are confiscations.... and are why Americans are slaves... because we are taxed on our labor, and not on the income that we get. Wages are NOT income, wages are a trade. Capital gains is what are taxed... not labor.

Accepting the principle behind both the income and the estate tax concedes the statist notion that the government owns the fruit of your labor, as well as our savings. We are permitted by the politians generosity to keep a certain percentage. Every tax-cut proposal in Washington now is considered a cost to government not the return of something rightfully belonging to a productive citizen.

Hello Rodney, Great article! Thanks for sharing it. A few months back, I shared an article (I believe that it was also a WSJ contributor) here in MyLot that clearly defined the percentages of tax revenue to the federal government under the Clinton Administration vs. the tax revenue sent the the federal gov't under the Bush administration. The figures were as clear as day -- the Bush administration, and the soon to expire tax cuts are generating higher revenue to the treasury. Every tax bracket paid more under the Clinton administration. Yet, under the Bush adminstration the lower tax brackets contribute less, while the highest income earners are paying more. So, the whole basis of the Dem/Socialist leaderships economic plan is irreparably flawed! As far as I'm concerned, the Fair Tax (a consumption tax) is the only way to go. It would insure that everyone pays according to their consumption habits. Conversion would require significant, tough oversight. Though in the end, it is clearly the fairest and most legal form of taxation. Though, the elected don't support the conversion, because much of their power base comes from their ability to legislate loopholes for those who line their pockets. Giving up the tax code would significantly reduce their power base, and their ability to accumulate wealth while in office!

Based on the last 16 years of economic history its very, very easy to side against the Bush Tax Cuts. Even your candidate in the past has voted against the Bush Tax Cuts until he has started running for President. "I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us at the expense of middle-class Americans who need tax relief."--John McCain, May 2001 The wealthy should support the Bush Tax Cuts as it benefits them, anyone making under $100,000 will benefit from the Bush Tax Cuts being repealed.