Tuesday November 24, 2009 9:16 AM ET
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The President's Budget Could Hurt Your Tax Bill
Our breakdown of the proposed tax changes in Obama's 2010 budget.
 
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Thenotsorich SmartMoney Insiders
3 Comments
It was BUSH era legislation that gave the middle class a break, the only way he could get it through a DEMOCRATIC majority was if it was "limited" in years of effect. Good golly, please EDUCATE yourself, as this mentality is what has allowed this "bipartisian, but mostly democratic congress" to set us ALL, yes some of you too, up for the biggest "scam" and money and home and bank and land grab in history perpetrated by the GREED and imbalance of power tripping pork feeding Washingtontonian "elite".
We are approaching "civil war" era politics, and I contend ALL of the American (make that legal citizens) will pay the price for this new social engineering from the majority of washington. The two parties are mostly the same agenda, with few exceptions........fill their pockets with our money. Then take more. We ALL need to wake up and stop "red herring" blaming each other............while we do that, as we speak, America is being stolen, funded with stolen money, sold to the highes...(Read more of this comment)
Thenotsorich SmartMoney Insiders
3 Comments
Apparrently you do not even read or watch the news, in this country being an "A" lister or Washington insider.......and NOT paying your taxes allows you to "run for office". At least 4 to 5 major nominees for King O's office, had HUGE tax bills (well not so huge considering their Pork gains) they "forgot" to pay, How more upside down can it be?

This is not the America our forefathers or my husband fought, and some died for.

How can you be so dumb, to STILL think it is the upper 5 or ten percent, those don't even bother to pay, because they KNow THEY ARE PROTECTED,BY THEIR "BUDDIES" IN THE WHITE HOUSE.

This is a national scandal, so much for "leadership" they certainly aren't even following the "law" but can shamelessly run for office and STEAL the money of the working class, elderly and the future children of this country, and NOT pay their "fair share", but tell the "victims" to cough up.

Total ignorance on the part of the "masses" to be lul...(Read more of this comment)
Thenotsorich SmartMoney Insiders
3 Comments
First, any deregulation could not occur without Congressional bills, and votes, many who where Demacratic majorities, or at the least bipartisian "screw" jobs on the American public.
How ignorant to only lay blame with the president who is really mostly a "salesman" to what Congress does. Presidents have "limited" power without Congress. Running for pres. cost MONEY, and they get it from the lobbist who also, for the most part, get it from US, by rip off "legislation". Wake up

Second, are we in Nazi Germany, where you point the finger at your fellow man to save your own hide,make that money?

Third, how DARE you say, "They can afford it".

You have NO idea just who is being hurt by this nonsense and doing away with all the deductions.
It is not the "rich" they got bailouts, and pork.

It is the middle class working, and the elderly rretired, who have worked a life time to "save" for their old age needs, and enjoyment. Now WE have to...(Read more of this comment)
USGNRL SmartMoney Insiders
33 Comments
Higher taxes - NO PROBLEM!

Pretend you have NO INTEGRITY, NO ETHICS, NO CONSCIENCE and NO BRAINS and are a loony-left liberal d-crat (i.e., a TAX CHEAT) and then you, too, can "geithner" your taxes and won't have to pay a penny for any of the d-crat waste of taxpayer money.
drsitek SmartMoney Insiders
2 Comments
I hardly believe that it will be that bad. After almost 28 years of deregulation, starting with Reagan, the US is now paying the price. What took that long to exacerbate the problem could take a long time to fix not withstanding the cost. Tax cuts for the wealthy, which Reagan tried and both Bush's also tried, do not work. They never will. Thsy only result in huge deficits. The Clinton tax plan did result in a surplus. I rest my case.
Posted by: DHK99
Wait until the impact of all the dollars being poured into the system hits. Then you'll have to be making more than $250K just to put food on the table.
drsitek SmartMoney Insiders
2 Comments
What this article failed to do was to specify the very small percentage of the total population who will be impacted by these budgets. The casual reader may not pick up on this believing that they will be impacted. To the best of my knowledge these tax changes will effect less than 1% of the population. These are the people who can most afford a tax hike.
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