Obama Tax Increases

Obama is a liar.

On September 12, 2008, Barack Obama was in Dover, New Hampshire, on the campaign trail.

He was talking taxes and he made a promise, a "firm pledge."

BARACK OBAMA: And I can make a firm pledge: under my plan, no family making less than $250,000 a year will see any form of tax increase - not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.

Read his lips: NO TAX INCREASES FOR FAMILIES MAKING LESS THAN $250,000.

Obama lied.

From TribLive:

Welcome to the second half of the year. And welcome to the ugly countdown to across-the-board tax increases that your friends in the Obama administration long insisted would only affect "the rich."

Come Jan. 1, income tax rates for everyone will rise, reminds Americans for Tax Reform. The 10 percent bracket becomes the 15 percent bracket. The 25s become the 28s; the 28s become the 31s; the 33s become the 36es; and those who now pay taxes at the 35 percent rate will, next New Year's Day, have to pay them at a rate of 39.6 percent.

If you're married, you'll pay higher taxes. Have kids? Higher taxes. Unless Congress acts, the Death Tax returns, yet again legalizing federal grave robbery.

Massively higher taxes (from 15 percent to 20 percent) are ahead on capital gains and on dividends (from 15 percent to 39.6 percent), with additional increases of nearly 4 percentage points on top of that in 2013.

Pre-tax purchases for nonprescription drugs will be eliminated. Those subjected to the Alternative Minimum Tax will rise by a factor of 7. And on and on and on and on.

This is the reality of our government in the hands of liberals.