Taxes to increase 30% by 2012 and 50% by 2013.

[peilthetraveler]

It only gets worse from there...

Page 171 says it all. It shows reciepts and outlays until 2021...This is evidence that we are about to pay alot more in taxes or there is going to be some kind of magic 50% growth in the economy in the next 2 years(called high inflation)

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf

Somehow they expect 50% increase in tax revenues in the next 2 years, but only 9% growth(which is a far fetched number if you ask me). So thats some serious tax hikes coming this year and the next.

 

[pspr]

Obama is has his budget structured to blow up the deficit until the end of his first term. Then he assumes he will be re-elected and then he wants to tax the shit out of everyone so he can show a deficit reduction in his budget. It's political manipulation taken to the most extreme level.

 

[LORD KAL-EL]

Quote from peilthetraveler:

It only gets worse from there...

Page 171 says it all. It shows reciepts and outlays until 2021...This is evidence that we are about to pay alot more in taxes or there is going to be some kind of magic 50% growth in the economy in the next 2 years(called high inflation)

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf

Somehow they expect 50% increase in tax revenues in the next 2 years, but only 9% growth(which is a far fetched number if you ask me). So thats some serious tax hikes coming this year and the next.

9% growth china hasn't even been growing that fast, he needs to go back to smoking cigarettes instead of huffing leaded gasoline & pcp.

 

[bugscoe]

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