Just so your PREPARED!!!!!!

[pleasantvalleySunday]

This was sent to me as an email - I have not verified any of it (like I'm gonna make it through 1000+ pages haha) so I want folks to understand up front that I am only sharing what I guess could be considered rumor on my part - but it sure sounds like we should be paying close attention:

In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:

First Wave:

Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:

Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The

lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:

- The 10% bracket rises to an expanded 15%

- The 25% bracket rises to 28%

- The 28% bracket rises to 31%

- The 33% bracket rises to 36%

- The 35% bracket rises to 39.6%

Higher taxes on marriage and family. The "marriage penalty" (narrower tax brackets for married couples) will return from the first dollar of income. The child tax

credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.

(ok sorry but I can't reformat this - taking too long)

The return of the Death Tax.

This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent

top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement

account could easily pass along a death tax bill to their loved ones.

Higher tax rates on savers and investors.

The capital gains tax will rise from 15 percent this year to 20 percent in

2011. The dividends tax will rise from 15 percent this year to 39.6

percent in 2011. These rates will rise another 3.8 percent in 2013.

Second Wave:

Obamacare

There are over twenty new or higher taxes in Obamacare. Several will first go into effect on

January 1, 2011. They include:

The "Medicine Cabinet Tax"

Thanks to Obamacare, Americans will no longer be able to use health

savings account (HSA), flexible spending account (FSA), or health

reimbursement (HRA) pre-tax dollars to purchase non-prescription,

over-the-counter medicines (except insulin).

The "Special Needs Kids Tax"

This provision of Obamacare imposes a cap on flexible spending accounts (FSAs)

of $2500 (Currently, there is no federal government limit). There

is one group of FSA owners for whom this new cap will be particularly

cruel and onerous: parents of special needs children. There are

thousands of families with special needs children in the United States

, and many of them use FSAs to pay for special needs education.

Tuition rates at one leading school that teaches special needs children

in Washington , D.C. ( National Child Research Center ) can easily exceed $14,000 per year.

Under tax rules, FSA dollars can not be used to pay for this type of special

needs education.

The HSA Withdrawal Tax Hike.

This provision of Obamacare increases the additional tax on non-medical early withdrawals

from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs

and other tax-advantaged accounts, which remain at 10 percent.

Third Wave:

The Alternative Minimum Tax and Employer Tax Hikes

When Americans prepare to file their tax returns in January of 2011,

they'll be in for a nasty surprise-the AMT won't be

held harmless, and many tax relief provisions will have expired.

The major items include:

The AMT will ensnare over 28 million families, up from 4 million last year.

According to the left-leaning Tax Policy Center , Congress' failure to index the AMT will lead to

an explosion of AMT taxpaying families-rising from 4 million last

year to 28.5 million. These families will have to calculate their

tax burdens twice, and pay taxes at the higher level. The AMT was

created in 1969 to ensnare a handful of taxpayers.

Small business expensing will be slashed and 50% expensing will disappear.

Small businesses can normally expense (rather than slowly-deduct, or

"depreciate") equipment purchases up to $250,000. This

will be cut all the way down to $25,000. Larger businesses can

expense half of their purchases of equipment. In January of 2011,

all of it will have to be "depreciated."

Taxes will be raised on all types of businesses.

There are literally scores of tax hikes on business that will take

place. The biggest is the loss of the "research and

experimentation tax credit," but there

are many, many others. Combining high marginal tax rates with

the loss of this tax relief will cost jobs.

Tax Benefits for Education and Teaching Reduced.

The deduction for tuition and fees will not be available. Tax credits

for education will be limited. Teachers will no longer be able to

deduct classroom expenses. Coverdell Education Savings Accounts

will be cut. Employer-provided educational assistance is

curtailed. The student loan interest deduction will be disallowed

for hundreds of thousands of families.

Charitable Contributions from IRAs no longer allowed.

Under current law, a retired person with an IRA can contribute up to

$100,000 per year directly to a charity from their IRA. This

contribution also counts toward an annual "required minimum

distribution." This ability will no longer be there.

Now your

insurance is INCOME on your W2's......

One of the surprises

we'll find come next year, is what follows - - a little

"surprise" that 99% of us had no idea was included in the

"new and improved" healthcare legislation . . . the

dupes, er, dopes, who backed this administration will be

astonished!

Starting in 2011, (next year folks), your W-2 tax form sent by

your employer will be increased to show the value of whatever

health insurance you are given by the company. It does not

matter if that's a private concern or governmental body of

some sort. If you're retired? So what; your gross

will go up by the amount of insurance you get.

You will be required to pay taxes on a large sum of money that you

have never seen. Take your tax form you just finished

and see what $15,000 or $20,000 additional gross does to your

tax debt. That's what you'll pay next year. For

many, it also puts you into a new higher bracket so it's even

worse.

This is how the government is going to buy insurance for the15% that don't

have insurance and it's only part of the tax increases.

Not believing this??? Here is a research of the

summaries.....

On page 25 of 29: TITLE IX REVENUE

PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001,

as modified by sec. 10901) Sec.9002 "requires employers

to include in the W-2 form of each employee the aggregate cost of

applicable employer sponsored group health coverage that is

excludable from the employees gross income."

Joan Pryde is the senior tax editor for the Kiplinger letters.

Go to Kiplingers and read about 13 tax changes that

could affect you. Number 3 is what is above.

Why am I sending you this? The same reason I hope you forward

this to every single person in your address book.

People have the right to know the truth because an election is

coming in November.

would love to hear from any tax experts that may belong here.

pvS

[meevans]

I do NOT understand ANY one that voted for Obamacare....or those that supported it! It is going to cripple our country and ruin our healthcare! The recession is FAR from over with all these new taxes on the way. God has given this country what they (an apparent majority) wanted and now we all are going to have to pay for it. I pray everyone remembers all of this....but a lot won't know about it til after the elections in Nov.

[Doc31]

I do NOT understand ANY one that voted for Obamacare....or those that supported it! It is going to cripple our country and ruin our healthcare! The recession is FAR from over with all these new taxes on the way. God has given this country what they (an apparent majority) wanted and now we all are going to have to pay for it. I pray everyone remembers all of this....but a lot won't know about it til after the elections in Nov.

Google Professors Cloward and Piven ... here's an excerpt from something I found on snopes

Barack Obama is my college classmate (Columbia University, class of '83). As Glenn Beck correctly predicted from day one, Obama is following the plan of Cloward & Piven, two professors at Columbia University. They outlined a plan to socialize America by overwhelming the system with government spending and entitlement demands. Add up the clues below. Taken individually they're alarming. Taken as a whole, it is a brilliant, Machiavellian game plan to turn the United States into a socialist/Marxist state with a permanent majority that desperately needs government for survival ... and can be counted on to always vote for bigger government. Why not? They have no responsibility to pay for it.

-- Universal health care. The health care bill had very little to do with health care. It had everything to do with unionizing millions of hospital and health care workers, as well as adding 15,000 to 20,000 new IRS agents (who will join government employee unions). Obama doesn't care that giving free health care to 30 million Americans will add trillions to the national debt. What he does care about is that it cements the dependence of those 30 million voters to Democrats and big government. Who but a socialist revolutionary would pass this reckless spending bill in the middle of a depression?

-- Cap and trade. Like health care legislation having nothing to do with health care, cap and trade has nothing to do with global warming. It has everything to do with redistribution of income, government control of the economy and a criminal payoff to Obama's biggest contributors. Those powerful and wealthy unions and contributors (like GE, which owns NBC, MSNBC and CNBC) can then be counted on to support everything Obama wants. They will kick-back hundreds of millions of dollars in contributions to Obama and the Democratic Party to keep them in power. The bonus is that all the new taxes on Americans with bigger cars, bigger homes and businesses helps Obama "spread the wealth around."

-- Make Puerto Rico a state. Why? Who's asking for a 51st state? Who's asking for millions of new welfare recipients and government entitlement addicts in the middle of a depression? Certainly not American taxpayers. But this has been Obama's plan all along. His goal is to add two new Democrat senators, five Democrat congressman and a million loyal Democratic voters who are dependent on big government.

-- Legalize 12 million illegal immigrants. Just giving these 12 million potential new citizens free health care alone could overwhelm the system and bankrupt America. But it adds 12 million reliable new Democrat voters who can be counted on to support big government. Add another few trillion dollars in welfare, aid to dependent children, food stamps, free medical, education, tax credits for the poor, and eventually Social Security ...

READ MORE AT: http://www.snopes.com/politics/soapbox/overwhelm.asp

[Traconesu02]

Thanks for posting pleasantvalleySunday

I have read most of this before - far too late for us to do anything about it now.

We all need to look up the voting history of everyone running in the Nov election and be sure to vote all out that had anything to do with this bill.

Possibly if we can weed all of these people out of our government something can still be done to ammend some of this by the end of next year. I don't know if that is possible.

Just a thought.

[Matt]

Post RV I movin to Canada, EH!

PS, No offense to the Canadians, eh!

[meevans]

Google Professors Cloward and Piven ... here's an excerpt from something I found on snopes

READ MORE AT: http://www.snopes.com/politics/soapbox/overwhelm.asp

Thank you for the post!

I did not mean that I did not understand the "health"care bill....I meant I cannot understand anyone in the public sector being for it....except those already dependent on public support. I am a healthcare professional and I know this will devestate the quality of our medical care within a few years. And my spouse is a pharmacist and we own a private pharmacy. The new taxes will cause us to have to lay employees off and will reduce our own personal spending in order to pay taxes....thereby adding to the recession! I do believe that some reforms needed to be put into place to deal with the problems associated with insurance companies, but not what has happened!

Please everyone needs to pray about what all this is going to mean to our nation! And what it is going to do to our children and grandchildren.

Thanks again for the link!

[vox]

Been waiting for a post like this. There's Local Agenda 21 coming to a town near you. All this is intentional of course and it's basically a war on you or us. They are Expecting (and prepared) riots it will be so bad. Of course the rich will be spared to a good extent.

This ties in with chemtrails, haarp, bio weaponized food and vaccines, economic terror it just goes on, on all fronts. The masses or scum are to be/have been used and then culled. Culled that is, it's now mainstream; too many on the planet. That is, too many of the wrong types.

News to you? Eugenics, coming (once again) to a town near you. They will eventually phase out welfare (anything related) so there will be no safety nets for anyone but the rich.

Interesting times. Total lock down and most have done nothing to prevent this.

[ajskj]

This is a pack of lies and deliberate misinformation.

Just for ONE...the health care WILL be attached to your W2....but IT IS NOT TAXABLE. You will not pay ONE PENNY of additional taxes because of this.

Google Professors Cloward and Piven ... here's an excerpt from something I found on snopes

READ MORE AT: http://www.snopes.com/politics/soapbox/overwhelm.asp

That statement was CORRECTLY ATTRIBUTED...not necessarily CORRECT.

As to the EMAIL the thread is about....

http://www.snopes.com/politics/obama/taxes.asp

FALSE.

[vox]

Are you referring to the specific detail or in general? There's some scary stuff coming down the pike if certain groups get their way. I guess this may be generalized as it won't be restricted to economics.

Once the US is done in the middle east, it's time to "take care" of the folks back home. Today, the common man is a "terrorist" (or any group against globalism). That is, taking up space and resources.

[vox]

Can't edit but saw that short blurb about B.O. He's not calling the shots. Surely you's know this by now.

Also check into his past affiliations and service. That little piece (by an acquaintance) seems to confirm what I've heard elsewhere. Socialism yes, but this goes back to the CFR and higher. A merging of capitalism and communism; coming to a town near you.

*All that crap back in the 40's was a test run....