Obama, Tax increases, Economy, Obama plan hurts everyone, Obama lied about taxes, Truth about Obama tax plan

Barack Obama continues to state he will only tax incomes over $ 250,000
and that 95% of taxpayers will get a tax cut. Does it make sense to you
that Obama will increase spending by more than a trillion dollars,
increase taxes on business and that will be good for the economy. If you think about it for just a minute you will agree that it does not pass the
common sense, the smell test.

The following data comes from the IRS for the year 2003 and reveals the number of businesses with revenue over $ 250,000 in 2003.
From IRS statistics in 2003:

Revenue Range            Number of businesses

$250,000 – $500,000           1,331,692
$500,000 – $1,000,000           932,914
$1,000,000 – $2,500,000        686,257
$2,500,000 – $5,000,000        263,211
$5,000,000 – $10,000,000      143,693
$10,000,000 – $50,000,000    124,568
$50,000,000 – Above                32,040

Many of you work for a company that falls into one of those categories.

Now lets examine the pratical consequences of Obama raising taxes on these companies:
Obama states that he will raise taxes on incomes above $ 250,000. Look
at the number of businesses affected above.

When businesses pay more taxes, they must do one or more of the following:

  • Increase the price of their products or services, thus affecting consumers.
  • Cut other costs such as salaries, jobs or investment in new technologies such as energy.
  • Move to a country with less taxes.
  • Some companies will go out of business due to profits declining,
    increased taxes and lower sales, when prices increase.

Corporations are primarily taxed three ways. Once on the corporate income, next on dividends and then on the sale of stock. If you are a retiree and own stock, you will have less money because the corporation will have less profit and if you sell the stock you will pay more tax on the sale.

Government is extremely inefficient. $ 1,000 taken from a business will remove money that drives the economy, creates more jobs and ultimately brings more revenue for the government. That $ 1,000 will be wasted in government bureacracy and overhead.

Obama is using this old lie to appeal to his core support that is
promised everything by politicians that use them to win elections.

Barack Obama and Hillary Clinton took part in a debate several months
ago hosted by Charlie Gibson. Gibson asked Obama about his plan to
raise the capital gains tax. Then Gibson pointed out that studies have
shown that lowering the capital gains tax increases government revenues and is good for the economy. Obama began stammering and stuttering and in one of the most revealing moments of the election, Obama’s lack of understanding of the economy and taxes was made clear. Obama was unable to rely on a canned teleprompter response.

Obama is just another modern day snake oil salesman. If you let him
steal this election, Obama and the out of control Democrat congress,
will ruin this economy and this country.

Does Obama scare you:

http://obamaimpeachment.org

23 responses to “Obama, Tax increases, Economy, Obama plan hurts everyone, Obama lied about taxes, Truth about Obama tax plan

  1. Hi CW,

    I believe that when Gibson pointed out to Obama at that debate that lowering capital gains taxes increased revenues, Obama muttered something about “fairness “.

    I remember thinking after watching that debate that Obama didn’t have a chance. That the American people would see him as a candidate willing to destroy the economy in his mistaken belief in “fairness”. As his campaign has unfolded and we see a bit more of his plans for America, I don’t see any change in his “fairness” position.

    Actually, what we have seen in the “Joe the Plumber” saga is Obama exposing himself and his ideology and in an effort to distract the public from his “spread the wealth” comment, he and Biden publicly ridicule Joe at their campaign stops, and he has unleashed his minions in an attempt to destroy Joe.

    This is chilling! Is this the America of the future?

    I still believe that the American people are smarter than the MSM would have us believe.

    I pray that I’m right.

  2. BO can only PARROT what someone tells him…. maybe this “insider” whispering these inaccuracies in his ears, really works for us?! LOL

    Seems like WE THE PEOPLE are becoming the most informed mass of voters in history.

    Thanks so much for your attention to every detail, CW.

    McCain has had so many great days recently. He is earning our votes FOR him, vs. our vote against BO.

    Not sure if someone posted this yet, but very important to debunk Obama campaign ideas of universal health care:

    http://news.yahoo.com/s/ap/20081017/ap_on_re_us/child_health_hawaii

  3. I personally know someone with a plumbing business that EASILY grosses half a million bucks per year.

    How arrogant of Biden and the MSM… even Diane Sawyer picking apart Joe the Plumber on national tv… I think it’s backfiring.

  4. Pingback: CitizenWells - Nails Obama’s Tax Policy and Workers Lose!!! « ZachJonesIsHome - Helping to Keep an Eye on the Larry Sinclair Allegations

  5. http://patriotroom.com/?p=3082

    Apparently Americans are smarter than MSM think.

  6. zachjonesishome

    Excellent! People also need to remember that the figures are 2003 numbers. I put this up and suggest that everyone links to it and spreads the word. Have a Great Day! Zach

  7. http://www.snopes.com/politics/obama/postamerican.asp

    Interesting piece. Few would disagree that heads of state need to forge a new direction for the post modern world. The issue at hand in this election is by whom.

    As the very left, not conservative, and perhaps moderate dems, engage in intellectual discourses regarding the changing face of our planet, politically, environmentally, and culturally, they attain an irritating smugness , confident that they have a deeper understanding than “Joe the Plumber”.

    Focus on issues they say. What well educated person would not? Deliver statistics, data, the never ending mind bending nuance of information, the almost orgasmic state of deep knowledge (remember Chris’ tingle). Its enough to leave poor “Joe the plumber” at the doorstep feeling like he entered another galaxy.

    Yes, these are the latte drinkers. I have known many and have worked with them.

    Unfortunately these are the pseudointellectuals of our time. They have little wisdom. They have lost connection with human experience, favoured by emotional impoverishment, not material.

    They never ask who will take the reins of their nation and guide them with courage, with honour, with wisdom, and with the security of a steady and compassionate hand.

    Leave intellectuality at the doors of your ivy schools.

    Governing requires that, but it requires much much more.

  8. I agree with the article except for one important point.

    I don’t think that Obama is just a snake oil salesman.

    I believe that Obama like his mother is a Marxist like Lenin, Stalin, Mao, Pol Pot, Castro, Chavez etc

  9. Hey CW

    I just received this email. Maybe Hannity will bring out BHO’s relationship with Odinga!!!
    You need to look at this….

    HELLO EVERYONE: IMPORTANT INFORMATION!!

    SEAN HANNITY, OF HANNITY & COLMES ~ FOX NEWS, IS GOING TO AIR A VERY IMPORTANT DOCUMENTARY ABOUT BARACK OBAMA, SUNDAY NIGHT AT 9:00 PM Eastern, 8 Central.

    HE STATED ON THE AIR THAT NO ONE IN THE NEWS MEDIA WAS WILLING TO DO THIS. HANNITY IS GOING BACK TO OBAMA’S EARLIER DAYS, SHOWING EVEN THEN HIS TIES TO RADICAL PROFESSORS, FRIENDS, SPIRITUAL ADVISERS, Etc.,

    HE STATED THIS EVENING THAT HE WILL SHOW IN DETAIL HIS TIES TO REV. WRIGHT FOR 20+ YRS (which we all know) HOW HE WAS PARTICIPATING WITH THIS MAN, AND NOT FOR THE REASONS HE STATES!

    HE HAS UNCOVERED MORE OF OBAMA’S RADICAL LEADERS AND WE WILL SEE THINGS THAT NO ONE IN THE MEDIA IS WILLING TO PUT OUT THERE.

    THIS WILL BE A NIGHT THAT YOU WILL KNOW MORE ABOUT OBAMA THAN EVER BEFORE. HANNITY IS VERY PASSIONATE ABOUT THIS PROGRAM AND ASKED THAT EVERYONE PLEASE, PLEASE WATCH~~

    FOX NEWS- THIS SUNDAY NIGHT, 9 PM Eastern, 8 Central.

    HANNITY IS DETERMINED THIS INFORMATION BE PUT OUT THERE BECAUSE AS AMERICANS, WE STILL DO NOT KNOW ABOUT OBAMA!!

    WAKE UP AMERICA!!

    THIS IS SERIOUS, EVERYONE I KNOW MANY OF YOU WATCH FOX NEWS, AND YOU KNOW WHO YOU ARE VOTING FOR, BUT IF YOU CAN, PLEASE PASS THIS ON TO EVERYONE YOU KNOW.

    THIS IS CRITICAL FOR OUR COUNTRY. MY PRAYER IS THAT WE, ALONG WITH SEAN HANNITY, WILL REACH SOMEONE/ANYONE BEFORE NOV. 4th.

  10. Hi, Citizen Wells —

    Still without my personal computer, but using a back up computer –

    Hope to be restored sometime soon — Thanks for continuing to expose the truth about Barack Obama.

    I appreciate you, Citizen Wells, for your alliance with and support for Larry Sinclair –

    jj

  11. TheOrchidThief

    This is not the America I knew and loved. It would appear that over half the voting public, especially younger voters, have no concept of basic economics. Where are the parents, the schools in this tradgedy?

    Businesses do not pay federal income taxes! Taxes are simply a line-item expense no different than raw materials, payroll, office suppilies, coffee filters for Pete’s sake! The consumer/customer pays…or else the business fails, lays off employees and pays no taxes at all!
    This is so f…ing simple. This is so sad folks.

  12. That 95% number is bogus . . . The Tax Policy Center says that when retirees and children are included only 81% of Americans would get a tax cut under Obama’s plan.

    Surround yourself with the facts about Baraq

    http://joeschmoepolitico.wordpress.com/

  13. TheOrchidThief

    On that same vein (we don’t pay attention to policies), I was reminded of a couple of things this morning.

    Unless you are at least a babyboomer (like me), younger people may have never read books like Brave New World – so they do not link our cries of socialism to Obama policies!

    Words like “distribution of wealth” do not register with many people as being a SOCIALIST POLICY.

    Following this, Obama camp is trying to DISGUISE this “robin hood” plan as being already in existence, in our graduated tax policy.

    THIS IS NOT TRUE! Our taxes are paid to the government to promote GOVERNMENT TASKS for the good of all people… NOT to PURPOSELY take money from others, and then decide WHO should get it – “spread it around”.

    There is a real distinction here that I don’t think young America “gets”.

  14. http://www.viddler.com/explore/ATLAHWorldwide/videos/27/

    Send this link to as many people as you can.

    The most powerful voice to date against Obama.

    Reverend James David Manning

  15. http://www.realclearpolitics.com/articles/docs/2008-IBD-TIPP-DAY5.htm

    Havve a good look at these numbers. I quote this poll because of its superior track record fron last election and because its consistent with those that have been most predictive.

    Contrary to what the Obama camp would have you believe, this is a very close race with a slightly increasing number of undecided. Again, the trend is what is important more than the numbers.

    The 18-24yrs group is much to everyone’s surprise starting to gravitate toward McCain. Few of these individuals make decisions on policies, because the have not had immediate experience with the consequences of the them. They are responding to something else and that is good news for McCain.

  16. Sorry for all the typos in last post. Laptops don’t work as well.

  17. To understand the validity of the ‘snake oil salesman’ bit, take the time and read this report,
    as recommended:

    “IT IS STRONGLY RECOMMENDED THAT YOU READ THIS DOCUMENT IN ORDER, FROM BEGINNING TO END, AS
    DEFINITIONS ARE BUILT ON TOP OF ONE-ANOTHER, AND UNDERSTANDING OF THESE DEFINITIONS IS NECESSARY
    TO FOLLOW LATER INTERPRETATIONS AND ANALYSIS”

    As Jeff Schreiber would say, “Assigned Reading!”

    Click to access Obama%27s_Use_of_Hidden_Hypnosis_techniques_in_His_Speeches.pdf

  18. This election is about America and her Values.

    The young people have been mesmerized by BHO.

    I am an American and a Patriot. When a person wants to by my President, they had better be a “Flag Waving Son of a Gun”!

    John McCain is a true Patriot and I believe will put America First as he has stated. BHO on the other hand is not a Patriot and his removal of my flag from his aircraft and his statement that he doesn’t salute the flag so as not to take sides is appauling. His comments about “redistribution of wealth” are blatently Communist, Marxist, and should scare the hell out of everyone.

    We can all argue policies, but if you are an American, you cannot argue the facts of Patriotism.

    I hope and Pray (yes pray) that John McCain defeats the communist movement that the Democratic left is trying to put on us.

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