Taxes Taxes Taxes

The progressives are in charge, and they like to spend money. Not their money mind you. Late Friday, when they knew it would not make much headlines, our good friend Charlie Rangle made a statement.

The House is going to raise income taxes by 540 Billion.

This is in addition to the Bush tax cuts that will expire next year.

This is in addition to all the other tax increases they are tossing about.

If you own a small business, you are in their gun sights.

So, if you have a gross income of $200,000, your income taxes are going up next year right off the bat. If you gross $280,000, or $350,000 as a couple, meat Charlie Rangle. Because he thinks you need to give him even more. And say hello to Nancy Pelosi while you are there.

They have a goal of 39.6% income tax for any of you that have done well.

They say this is to pay for their Nationalized Health Care program. But it won't. History tells us they will piss the money away on non essential stuff, and be coming back demanding more shortly.

Or, the will invent another crises they need to fix, and it will involve your money.

This is separate from the Cap and Trade tax. Which will be imposed on the same small business owners. And separate still from the fines you'll be paying if you do not provide Health Insurance for your employees.

And since unemployment is the highest since the Great Depression, and profits are down, and the states are now charging more for unemployment insurance taxes, and all the bailed out banks are not loaning you any needed capitol, it only make sense to raise your taxes on all fronts.

Plus the 25% Value added tax they want, on everything.

When unemployment hits 50%, I wonder if they will raise taxes again on the half still working.

On the same note, the money grabbers in charge have hit another new low.

They have been going after the UBS, and Swiss banks in general. They know you have been hiding your money there were they can't get it. And they want it. And they want everyone's account numbers, and names.

In a particularly unsettling announcement, our government stated, if you have an account in a known tax haven country, we will assume you are hiding money.

So much for innocent until proven quilty.