How Much Will Income Tax Rates Go Up Between 2010 And 2012?
We have all been promised that people that make under $250,000 a year would not see a tax increase during the Obama administration. Of course and that promise is highly unlikely to hold. Especially considering the huge amount of money that has already been spent and the upcoming costs related to the ObamaCare healthcare insurance PROGRAM.
So, one can expect that in 2010 we will see an income tax increase and by 2012 we will probably see a total of 10% to 20% increase between those years. Will the poor people also have to pay more income tax? Generally speaking, poor people don't pay any income taxes as it is and it's the rest of us that pay.
The poor people tend to use the most services and those services are paid by people who have jobs and work for a living and as they are the ones paying the income tax. Will the rich people have to pay more too? That's an interesting comment, however you must understand that people who are extremely wealthy have many other chances to deduct various investment incentives and take advantage of loopholes.
For those people who believe that the income taxes will not increase between 2010 and 2012, they are kidding themselves and if you ask any economist they will tell you that there is no way the government can continue to spend if they don't raise our taxes.
Our taxes will be raised no matter what anyone tells you from any particular political persuasion. If our nation follows the same strategies of the socialist nations of Europe we should expect to pay similar percentages and taxes over time, and that's basically the way it's going to work and remember this is the real world. Please consider all this.
Lance Winslow - Lance Winslow's Bio. Lance Winslow is also Founder of the Car Wash Guys and a COOL little Franchise Company; http://www.carwashguys.com/history/founder.html/.Note: All of Lance Winslow's articles are written by him, not by Automated Software and any Computer PROGRAM, or Artificially Intelligent Software. None of his articles are outsourced and PLR Content or written by ghost writers. Lance Winslow believes those who use these strategies lack integrity and mislead the reader. Indeed, those who use such cheating tools, crutches, and tricks of the trade may even be breaking the law by misleading the consumer and misrepresenting themselves in online marketing and which he finds completely unacceptable.
