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 obama Seeks 28 Percent Corporate Tax Rate..But Assaults Dividends

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Abracadabra
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PostSubject: obama Seeks 28 Percent Corporate Tax Rate..But Assaults Dividends   Wed 22 Feb 2012, 3:56 pm

The Obama administration is proposing to lower the corporate tax rate from 35 to 28 percent. Manufacturers would receive incentives so that their effective tax rate would be 25 percent.

But wait before you give the Regime a thumbs up2 because......

The proposal also would eliminate tax loopholes and subsidies that Geithner called "fundamentally unfair."

Hold it there is more..... gaah

One buried surprise, in obama's 2013 budget, is his proposal to triple the tax rate on corporate dividends, which believe it or not is higher than in his previous budgets.
Mr. Obama is proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6% that will kick in next year. Add in the planned phase-out of deductions and exemptions, and the rate hits 41%. Then add the 3.8% investment tax surcharge in ObamaCare, and the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate.
Keep in mind that dividends are paid to shareholders only after the corporation pays taxes on its profits. So assuming a maximum 35% corporate tax rate and a 44.8% dividend tax, the total tax on corporate earnings passed through as dividends would be 64.1%.

According to the Investment Company Institute, about 51% of adults own stock directly or through mutual funds, which is more than 100 million shareholders. Tens of millions more own stocks through pension funds. Why would the White House endorse a policy that will make these households poorer?

Seldom has there been a clearer example of a policy that is supposed to soak the rich but will drench almost all American families.






http://www.newsmax.com/Newsfront/Obama-CorporateTaxes/2012/02/22/id/430138
http://online.wsj.com/article/SB10001424052970204880404577225493025537660.html?mod=WSJ_hp_LEFTTopStories



Obama Dividend Tax Would Devastate Retirees

Thursday, 23 Feb 2012 09:37 AM

Buried within President Barack Obama’s 2013 budget is a proposal to triple the tax rate on corporate dividends, a move that would have a severe effect on retirees, The Wall Street Journal notes in an editorial.













Hope and change voters....do not forget to after you enjoy a  with obama Kool-Aid....sweetened with NutraHope!

Many people (that I know) are alive only because it’s illegal to shoot them.

Ronald Reagen said it best.......The trouble with our liberal friends is not that they are ignorant, but that they know so much that isn’t so.

"You can ignore reality, but not the consequences of ignoring reality." Ayn Rand

The truly educated never graduate !

When the Going Gets Tough, the Tough Get Going. The Smart Left a Long Time Ago.

I have always said I don't care what you do or with whom you do it, but don't demand that I think that it is normal or that it is OK!!!!

Only two things are infinite, the universe and human stupidity!
how rude

Defining....Abracadabra … cursing censored


Last edited by Abracadabra on Thu 23 Feb 2012, 4:17 pm; edited 1 time in total (Reason for editing : add Obama Dividend Tax Would Devastate Retirees)
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obama Seeks 28 Percent Corporate Tax Rate..But Assaults Dividends

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