Monday, December 23, 2024
Hawai'i Free Press

Current Articles | Archives

Thursday, September 23, 2010
100 days to largest tax hike in history
By Grover Norquist @ 5:30 PM :: 8628 Views :: National News, Ethics

Dear friends,

It looks like Congress is going to scamper out of Washington, D.C. having done nothing to stop the largest tax hikes in history. In just 100 days, you will be paying higher taxes than you have in over a decade.  What does this mean for you, for your family, for your small business?

If you pay taxes, your taxes are going up. Even the lowest tax rate will rise from 10 to 15 percent.  Everybody's tax rate is going up, from the kid with a lemonade stand clear up to Warren Buffett.

If you have a small business, the rate at which a majority of small business profits are taxed will rise from 35 to 40 percent. If you're one out of four working Americans who gets his paycheck from a small employer, this might lead to a pink slip for you.

If you have a family, you will see the return of the marriage penalty (a tax bonus for shacking up instead of getting hitched) and the child tax credit cut in half to $500.

If you're an investor, you can count on the stock market taking a hit as the capital gains tax rises from 15 to 20 percent and the dividend tax spikes from 15 to 40 percent.

If you plan on dying at some point in your life, you can look forward to the return of the death tax. It's gone for the rest of the year, but in January it comes back with a 55 percent top rate.

None of this includes the two dozen new or higher taxes in Obamacare. Nor does it factor in the hundreds of tax hikes which Congressional Democrats have already let through, and which you won't find out about until you sit down to do your taxes next Spring.

ATR needs your help to get the word out. Tell your friends, family, and neighbors about these tax hikes. We've listed them all for you in plain English. Feel free to print them out and distribute them, too.

America needs to know that we'll all face the largest tax hikes in history in just 100 days.

Onward,

Grover Norquist

President, Americans for Tax Reform

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii