So, in his State of the Union Address, President Obama will announce he intends to reinstate the inheritance tax and eliminate the tax credit for those who sell their homes and make profits for their efforts to provide an honest living for THEIR family. So lets get this straight: Your parents work their entire lives to earn a paycheck and if they are fortunate, they acquire some savings. Their entire life, they pay taxes on those earnings. According to Obama, when your parent dies and leaves that money (that has already been taxed over the course of your parents life) will be taxed again as you take possession of the money that has already been taxed and is rightfully your money. Yeah, the Robin Hood DEMOCRATIC method of thinking........steal from the rich and GIVE to those who refuse to take a chance in life to earn a living and who simply rely on the government to GIVE to them what they believe they are entitled to receive because you didnt choose to be born. SMDH Second example of Obamas tax proposal: Currently, you buy or build a home. You reside in that home for over two years. You sell the home for a profit. Currently, anything you profit (up to $250k) is tax free. Obama says, NO!! Give me tax money sos I can make Washington bigger and redistribute the wealth to who I see fit. SMDH Good example of how the democratic party is completely out of touch with America.
Posted on: Sun, 18 Jan 2015 18:21:12 +0000
Trending Topics
Recently Viewed Topics
© 2015