Sunday, October 24, 2010

Harry Reid Takes Credit For Saving The World

Do you need any more reason to be terrified?

This comes from Americans for Tax Reform
even if you don't understand everything in this document- you can understand enough to know that as of January 1st WE ARE ALL SCREWED! Call your Senator and DEMAND they extend and make permanent the Bush tax cuts, DEMAND the repeal the abomination known as Obamacare, and Nevadans most importantly- HELP GET RID OF DIRTY HARRY REID!!!

Six Months to Go Until
The Largest Tax Hikes in History
July 1, 2010

Contact: Ryan Ellis, ATR Tax Policy Director: rellis@atr.org

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 tax credit will be cut.
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 Tanning Tax. This went into effect on July 1st of this year. It imposes a new, 10%
excise tax on getting a tan at a tanning salon. There is no exemption for tanners making less
than $250,000 per year.
Page 2 of 2
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) pretax
dollars to purchase non-prescription, over-the-counter medicines (except insulin).
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.
Brand Name Drug Tax. Starting next year, there will be a multi-billion dollar tax assessment
imposed on name-brand drug manufacturers. This tax, like all excise taxes, will raise the price of medicine, hurting everyone.
Economic Substance Doctrine. The IRS is now empowered to disallow perfectly-legal tax
deductions and maneuvers merely because it judges that the deduction or action lacks “economic substance.” This is obviously an arbitrary empowerment of IRS agents.
Employer Reporting of Health Insurance Costs on a W-2. This will start for W-2s in the 2011
tax year. While not a tax increase in itself, it makes it very easy for Congress to tax employerprovided
healthcare benefits later.



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.

Sunday, October 17, 2010

Harry Reid Surrenders- Watch then read below

WHY I BELIEVE…… WE MUST DUMP HARRY REID

I recieved this forward from a member of the church in the Anthem Stake

WHY I BELIEVE…… WE MUST DUMP HARRY REID


I learned earlier this year Harry Reid attempted to hold “Firesides” in Southern Nevada at LDS church locations to do as Harry always does in the political season - - that is, attempt to get the LDS, or Mormon, vote by leveraging his religion to get votes. This is not a new concept to those of us LDS Church members who have lived in this great State of Nevada for very long, in my case 25 years.


His firesides were going to be themed “Why I Believe”. Since for whatever reasons (you probably can figure it out) Harry Reid was not allowed to hold these LDS Church Firesides, I decided to send out my own “Why I Believe We Must Dump Harry Reid” emails. I plan to send out a few of these before we get to vote to Dump Harry Reid on November 2.


REASON NO. 1 – Harry Reid puts politics over principles related to our military efforts and supported our enemies causes.


As evidenced in the above video clip, the Bush administration had decided on a strategy referred to as “the Surge” to take the upper hand in winning the war in Iraq. If this is taken to a vote of our government leaders and some vote “yes” and some vote “no”, that is perfectly OK to do this and vote according to your own reasoning, either way. But for heaven’s sake, don’t go out and say things that are discouraging to our troops, emboldening the enemy, which causes an even stronger enemy effort and costs more lives, and styling for political gain. Many consider to be treason. You decide.


Ask yourself how much Captain Moroni, a military leader from Book of Mormon notoriety, would have appreciated someone back home in government criticizing the war effort and resolve, a modern-day Pahoran of sorts, emboldening the enemy for political gain even while they carried around the Title of Liberty, a flag or banner made of the captain’s own coat which reminded the troops of what they were fighting for, our freedoms, religion, God, wives, children, etc. Sound familiar?


If you had a son, daughter, friend or relative fighting for our freedoms, how would you like to see your own government leader on Al Jazeera TV in the Middle East proclaiming “THIS WAR IS LOST”? The video was indeed used by our enemy to their benefit. Ripley wouldn't even believe this.