THE TRUTH ABOUT THE BUSH TAX CUTS or 68 DAYS TO DEBUNK OBAMA PROPAGANDA TO VOTE IN THE MIDTERM ELECTIONS

8-25-2010 11:55 AM EST

68 days until the 2010 Midterm elections .

Tuesday was primary day in Arizona, Alaska,Florida ,and Oklahoma.

Chuck Todd re assured ( SPEWED PROPAGANDA authored by AXELROD ) voters that Sarah Palin , should receive little credit for her underdog ( double digits) candidate posting a 2,000 vote lead in Alaska ,with about 2,300 votes left to count.
Likewise, Todd explained , McCain proves that it's not an anti incumbent movement , or a huge rejection of OBAMA and his radical agenda, more that ,well he never made that clear . What he didnt say is " wow lots of people if they had it to do over would have voted for McCain ".

Stay tuned for the mis information, spin ,lies, and obvious propaganda to be advanced by NBC and other Obama media puppets .

The biggest lie going around right now is " BUSH TAX CUTS FOR THE RICH".

" Tell a big enough lie , enough times and they will believe it "

Here is the TRUTH about the " Bush tax cuts "and who really will pay more taxes if they are allowed to expire .

Obama proposes that capital gain and income from dividends be taxes at 20 % ( an increase of 5% ) for the top two tax brackets , and ZERO tax for people making below $63,500 annually ).Rates stay the same for everyone else .

That should encourage the guy working at Wal Mart to invest his whole paycheck in the market, or Make small business owners flee the market in droves?

Most of the people that OBAMA calls " greedy rich people " , own their onw business and will simply buy more expensive company vehicles and attend more TRADE SHOWS to whittle their profit down and still make sure they get all the nice things in life .


The federal minimum wage is currently $ 7.25 an hour .

Notice in the examples below that at the " rich people level " the % of tax increase diminishes , and the burden really will fall on the MIDDLE CLASS !!

* Example 1 .... Employee working 40 hours per week at $7.25 an hour .
40 hours yields a $290.00 weekly GROSS pay check , for an annual income of $15,080.00

"Failed Bush policy " tax due ........ $1,843.00 ( 12.22% of income )
"Obama Punish the Rich " Tax due .... $2,262.00 ( 15% of income )

"Obama Punish the Rich " plan will cost the minimum wage employee an ADDITIONAL $419 per year / $8.05 per week . This is an INCREASE of 18.53%

Married filing jointly ( both taxpayers making $7.25 an hour )
"Failed Bush policy " tax due ........ $3,687.00 ( 12.22% of income )
"Obama Punish the Rich " Tax due .... $4,524.00 ( 15% of income )

"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $837.00 per year / $16.1 per week . This is an INCREASE of 18.53%



* Example 2.....Employee working 40 hours per week at $10.00 an hour .
40 hours yields a $400.00 weekly GROSS pay check , for an annual income of $20,080.00

"Failed Bush policy " tax due ........ $2,593.00 ( 12.91% of income )
"Obama Punish the Rich " Tax due .... $3,012.00 ( 15% of income )

"Obama Punish the Rich " plan will cost this employee an additional $419 per year / $8.05 per week . This is an INCREASE of 13.94%

Married filing jointly ( both taxpayers making $10.00 an hour )
"Failed Bush policy " tax due ........ $5,403.00 ( 12.99% of income )
"Obama Punish the Rich " Tax due .... $6,240.00 ( 15% of income )

"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $837.00 per year / $16.09 per week . This is an INCREASE of 13.42%


* Example 3.....Employee earning an annual income of $28,080.00 ( $13.50 an hour )

"Failed Bush policy " tax due ........ $3,793.00 ( 13.51% of income )
"Obama Punish the Rich " Tax due .... $4,450.00 ( 15.85% of income )

"Obama Punish the Rich " plan will cost this employee an additional $657 per year / $12.63 per week . This is an INCREASE of 14.73%

Married filing jointly ( both taxpayers making $28,080.00 a year )
"Failed Bush policy " tax due ....... $7,587.00 ( 13.51% of income )
"Obama Punish the Rich " Tax due .... $10,024.00 ( 17.85% of income )

"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $2437.00 per year / $46.86 per week . This is an INCREASE of 24.32% !!!



* Example 4.....Employee earning an annual income of $36,000 annually

"Failed Bush policy " tax due ........ $5,181.00 ( 14.39% of income )javascript:void(0)
"Obama Punish the Rich " Tax due .... $6,668.00 ( 18.52% of income )

"Obama Punish the Rich " plan will cost this employee an additional $1,487 per year / $28.60 per week . This is an INCREASE of 22.30%

Married filing jointly ( both taxpayers making $36,000.00 a year )
"Failed Bush policy " tax due ....... $10,363.00 ( 14.39% of income )
"Obama Punish the Rich " Tax due .... $14,460.00 ( 20.08% of income )

"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $4,097.00 per year / $78.79 per week . This is an INCREASE of 28.34% !!!


* Example 5.....Employee earning an annual income of $55,000 annually

"Failed Bush policy " tax due ........ $8,681.00 ( 17.36% of income )
"Obama Punish the Rich " Tax due .... $10,588.00 ( 21.18% of income )

"Obama Punish the Rich " plan will cost this employee an additional $1,907 per year / $36.67 per week . This is an INCREASE of 18.04% !!!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

A-Married filing jointly ( both taxpayers making $55,000.00 a year )
"Failed Bush policy " tax due ....... $19,863.00 ( 18.06% of income )
"Obama Punish the Rich " Tax due .... $25,221.00 ( 22.93% of income )

"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $5,358.00 per year / $103.04 per week . This is an INCREASE of 21.24% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

B-Married filing jointly ( Couple making $88,000.00 a year )
"Failed Bush policy " tax due ....... $14,363.00 ( 16.32% of income )
"Obama Punish the Rich " Tax due .... $18,940.00 ( 21.52% of income )
"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $4,577.00 per year / $88.02 per week . This is an INCREASE of 24.17% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

* Example 6.....Employee earning an annual income of $70,000 annually

"Failed Bush policy " tax due ........ $13,681.00 ( 19.54% of income )
"Obama Punish the Rich " Tax due .... $16,381.00 ( 23.40% of income )

"Obama Punish the Rich " plan will cost this employee an additional $2,700 per year / $51.92 per week . This is an INCREASE of 16.50% !!!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

A-Married filing jointly ( both taxpayers making $70,000.00 a year )
"Failed Bush policy " tax due ....... $27,444.00 ( 19.60% of income )
"Obama Punish the Rich " Tax due .... $34,521.00 ( 24.66% of income )

"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $7,077.00 per year / $136.10 per week . This is an INCREASE of 21.52% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

B-Married filing jointly ( Couple making $125,000.00 a year )
"Failed Bush policy " tax due ....... $23,613.00 ( 18.89% of income )
"Obama Punish the Rich " Tax due .... $29,871.00 ( 23.90% of income )
"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $6,258.00 per year / $120.35 per week . This is an INCREASE of 20.97% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.



* Example 7.....Employee earning an annual income of $100,000 annually

"Failed Bush policy " tax due ........ $21,709.00 ( 21.71% of income )
"Obama Punish the Rich " Tax due .... $25,681.00 ( 25.68% of income )

"Obama Punish the Rich " plan will cost this employee an additional $3,972 per year / $76.38 per week . This is an INCREASE of 15.46% !!!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

A-Married filing jointly ( both taxpayers making $100,000.00 a year )
"Failed Bush policy " tax due ....... $44,244.00 ( 22.12% of income )
"Obama Punish the Rich " Tax due .... $55,049.00 ( 27.52% of income )

"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $10,805.00 per year / $207.79 per week . This is an INCREASE of 19.62% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

B-Married filing jointly ( Couple making $170,000.00 a year )
"Failed Bush policy " tax due ....... $35,844.00 ( 21.08% of income )
"Obama Punish the Rich " Tax due .... $44,249.00 ( 26.03% of income )
"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $8,405.00 per year / $161.63 per week . This is an INCREASE of 19.02% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.


* Example 8.....Employee earning an annual income of $130,000 annually

"Failed Bush policy " tax due ........ $30,109.00 ( 23.16% of income )
"Obama Punish the Rich " Tax due .... $34,981.00 ( 26.91% of income )

"Obama Punish the Rich " plan will cost this employee an additional $3,972 per year / $76.38 per week . This is an INCREASE of 15.46% !!!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

A-Married filing jointly ( both taxpayers making $130,000.00 a year )
"Failed Bush policy " tax due ....... $60,281.00 ( 24.11% of income )
"Obama Punish the Rich " Tax due .... $76,049.00 ( 29.25% of income )

"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $15,768.00 per year / $303.23 per week . This is an INCREASE of 17.57% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

B-Married filing jointly ( Couple making $185,000.00 a year )
"Failed Bush policy " tax due ....... $40,044.00 ( 21.65% of income )
"Obama Punish the Rich " Tax due .... $49,649.00 ( 26.84% of income )
"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $9,605.00 per year / $184.71 per week . This is an INCREASE of 19.02% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.



* Example 9.....Employee earning an annual income of $160,000 annually

"Failed Bush policy " tax due ........ $38,509.00 ( 24.07% of income )
"Obama Punish the Rich " Tax due .... $45,651.00 ( 28.53% of income )

"Obama Punish the Rich " plan will cost this employee an additional $7,142 per year / $137.35 per week . This is an INCREASE of 15.63% !!!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

A-Married filing jointly ( both taxpayers making $160,000.00 a year )
"Failed Bush policy " tax due ....... $83,381.00 ( 26.06% of income )
"Obama Punish the Rich " Tax due .... $98,249.00 ( 30.71% of income )

"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $14,868.00 per year / $285.92 per week . This is an INCREASE of 15.14% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

B-Married filing jointly ( Couple making $225,000.00 a year )
"Failed Bush policy " tax due ....... $52,931.00 ( 23.12% of income )
"Obama Punish the Rich " Tax due .... $64,049.00 ( 28.47% of income )
"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $11,118.00 per year / $213.81 per week . This is an INCREASE of 18.79% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.



* Example 10.....Employee earning an annual income of $199,000 annually

"Failed Bush policy " tax due ........ $50,787.00 ( 25.52% of income )
"Obama Punish the Rich " Tax due .... $59,681.00 ( 30.00% of income )

"Obama Punish the Rich " plan will cost this employee an additional $8,894 per year / $171.04 per week . This is an INCREASE of 14.94% !!!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

A-Married filing jointly ( both taxpayers making $199,000.00 a year )
"Failed Bush policy " tax due ....... $116,944.00 ( 29.38% of income )
"Obama Punish the Rich " Tax due .... $131,657.00 ( 33.08% of income )

"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $14,713.00 per year / $282.94 per week . This is an INCREASE of 11.89% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

B-Married filing jointly ( Couple making $240,000.00 a year )
"Failed Bush policy " tax due ....... $56,981.00 ( 23.74% of income )
"Obama Punish the Rich " Tax due .... $69,449.00 ( 28.94% of income )
"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $12,468.00 per year / $239.77 per week . This is an INCREASE of 17.97% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.



* Example 11.....Employee earning an annual income of $210,000 annually

"Failed Bush policy " tax due ........ $54,417.00 ( 25.52% of income )
"Obama Punish the Rich " Tax due .... $64,011.00 ( 30.48% of income )

"Obama Punish the Rich " plan will cost this employee an additional $9,594 per year / $184.5 per week . This is an INCREASE of 16.28% !!!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

A-Married filing jointly ( both taxpayers making $210,000.00 a year )
"Failed Bush policy " tax due ....... $117,308.00 ( 27.93% of income )
"Obama Punish the Rich " Tax due .... $138,898.00 ( 33.09% of income )
"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $21,590.00 per year / $415.92 per week . This is an INCREASE of 15.54% !!!

B-Married filing jointly ( Couple making $330,000.00 a year )
"Failed Bush policy " tax due ....... $86,681.00 ( 26.27% of income )
"Obama Punish the Rich " Tax due .... $103,348.00 ( 31.32% of income )
"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $16,667.00 per year / $320.52 per week . This is an INCREASE of 16.13% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.


Example 12.....Employee earning an annual income of $260,000 annually

"Failed Bush policy " tax due ........ $70,917.00 ( 27.28% of income )
"Obama Punish the Rich " Tax due .... $83,811.00 ( 32.23% of income )

"Obama Punish the Rich " plan will cost this employee an additional $12,894 per year / $247.96 per week . This is an INCREASE of 15.36% !!!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.

A-Married filing jointly ( both taxpayers making $260,000.00 a year )
"Failed Bush policy " tax due ....... $152,308.00 ( 29.29% of income )
"Obama Punish the Rich " Tax due .... $178,588.00 ( 34.34% of income )
"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $26,280.00 per year / $505.38 per week . This is an INCREASE of 14.71% !!!

B-Married filing jointly ( Couple making $370,000.00 a year )
"Failed Bush policy " tax due ....... $99,081.00 ( 26.99% of income )
"Obama Punish the Rich " Tax due .... $119,188.00 ( 32.21% of income )
"Obama Punish the Rich " plan will cost this Couple an ADDITIONAL $20,107.00 per year / $386.67 per week . This is an INCREASE of 16.21% !!!
" I will not raise your taxes if you make less than 250K per year "
--Barack Obama telling one of thousands of lies during his 2008 campaign.


Here is how Obama will punish the everyday worker and FAMILY

Minimum wager earner will see a 18.53% tax increase vs. the 16.28% increase a guy making over 200 K will incur

Minimum wage family will see a 18.53% tax increase vs. the 17.57% increase family that makes 260K a year.


Who gets hit the hardest in Obama's " SHARE The WEALTH PLAN "?

Individuals making between 25K to 75K , and families making between 45K and 90K per year .
That just about covers everyone not on welfare and doesn't own their own business .

A single taxpayer making over 200K a year will see an increase of 15%-16% compare that to the individual making 36K ( 22.3%) , or the individual making 55K ( 18%).

Families earning 260K a year ( just over Obama's greedy rich people hump) will pay 17.57 % more in taxes .
Compare that to the increase in tax rates for a family earning 56K a year ( 24.32%),
72K a year (28.345), and the family making 88K a year ( 24.17% ) .

Factor in the huge increase of hiring in Government and the HUGE pay raises Obama gave them , and the UNION will make sure that if you make less than UNION SCALE , then you will be awarded the privilege of paying MORE THAN YOUR FAIR SHARE , to offset the " special exemption " the UNION will make Obama give card carrying UNION members.