| Author | Message | ||
     Ashton Side Hero Username: Ashton Post Number: 2457 Registered: 05-2008 Posted From: 66.84.38.88 Rating: N/A |
This is one of the reasons that businesses aren't hiring now. They are also concerned about even more taxes coming if cap and trade passes. V-I-K-I-N-G-S Skol, Vikings, let's go | ||
| Ashton Side Hero Username: Ashton Post Number: 2456 Registered: 05-2008 Posted From: 66.84.38.88 Rating: N/A |
http://www.newsmax.com/insidecover/pelosi_heathcare_taxes/20 09/11/08/283423.html?s=al&promo_code=905C-1 If the House healthcare bill becomes law, small businesses and the wealthiest, most productive Americans can expect to pay massive new taxes. The bill also includes hidden fees and “excise” taxes that will fall heavily on the elderly. Under the Pelosi bill, citizens reporting income over $500,000 and married couples earning more than $1 million would be slapped with a 5.4% surtax on all income above those thresholds. The Wall Street Journal notes that “after taking into account the expiration of the Bush tax cuts, those people would face a marginal tax rate of 45%.” Small businesses will also suffer. Very small companies – those with payrolls with less than $500,000 – will be exempted, but others will be slammed with new taxes – up to 8% of their payroll – if they don’t offer insurance as dictated by the Pelosi bill. The Joint Committee on taxation says that the surtaxes will raise $460.5 billion over 10 years, with almost a third of that amount coming from small business. The Washington-based Americans for Tax Reform outlines other taxes the will result if the Pelosi bill is passed: V-I-K-I-N-G-S Skol, Vikings, let's go |
