OBAMA TO OVERSEE LARGEST TAX HIKE IN AMERICAN HISTORY
These huge increases will hit struggling families and small businesses in three great waves on January 1, 2013
Personal income tax rates will rise on January 1, 2013. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which the majority of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will be phased out, which has the same mathematical effect as higher marginal tax rates. Higher taxes on marriage and family coming on January 1, 2013. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of taxable income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. Middle Class Death Tax returns on January 1, 2013. The death tax is currently 35% with an exemption of $5 million ($10 million for married couples). For those dying on or after January 1 2013, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.
Higher tax rates on savers and investors on January 1, 2013. The capital gains tax will rise from 15 percent this year to 23.8 percent in 2013. The top dividends tax will rise from 15 percent this year to 43.4 percent in 2013. This is because of scheduled rate hikes plus Obamacare’s investment surtax.

All these new taxes so Obama and our corrupt government can continue waging war on half the world. Bombing and killing anyone who won't hand over their resources and kiss our ass. The result of which is half the worlds people wanting to kill us. Thus, resulting in even more  taxes levied to protect ourselves from the security nightmare which we ourselves created through the  rampant expansion  of our out of control Military Industrial Complex. All financed by the American  Corporatocracy that is spearheaded by an elite group of International Banksters who are hellbent on World  Domination through economic extortion backed by the U.S. Military and NATO, which your taxes pay for!
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One of America's greatest heroes and last true Republican. A man of brilliance, devotion, and service who loved his country and refused to bow to the banking industry and corporate/military power structure that has completely taken over our country.