Obama - a bad choice, he will raise your taxes

Let's see, not only will he help to kill millions and millions more of the unborn, not only will he encourage the gay lifestyle (via killing the defense of marriage act) but he will raise taxes when he claims that he won't. Oh, you don't need to believe me, because I have someone who is much more in tune with the numbers who shows that Obama WILL raise your taxes.

Stanford professor Michael Boskin ran the numbers and here is an excerpt of what he wrote,

"Obama would raise the top marginal rates on earnings, dividends and capital gains passed in 2001 and 2003 and phase out itemized deductions for high income taxpayers. He would uncap Social Security taxes, which currently are levied on the first $102K of earnings. The result is a remarkable reduction in work incentives for our most economically productive citizens. The top 35% marginal income tax rate rises to 39.6%; adding the state income tax, the Medicare tax, the effect of the deduction phaseout and Obama’s new Social Security tax increases the total combined marginal tax rate on additional labor earnings (or small business income) from 44.6% to a whopping 62.3%.

People respond to what they get to keep after tax, which the Obama plan reduces from 55.4 cents on the dollar to 37.7 cents, a reduction of one-third in the after-tax wage! Despite the rhetoric, that’s not just on “rich” individuals. It’s also on a lot of small businesses and two-earner middle aged middle class couples in their peak earnings years in high cost-of-living areas."

Here is the address of the Professor's website so you can read the entire paper. http://www.stanford.edu/~boskin/

To be fair, the professor was pointing his analysis at states with high state income taxes like his own, California. However, despite having low or no state income taxes, your take home will shrink from 55.4 cents on the dollar to ???? After you add all the new programs that he wants to add ... then I guess he will be able to keep another of his promises, to simplify the tax forms. They will truly turn into the old joke, line 1, how much did you make? Line 2, send it in.

Yeah, thanks Americans who want Obama - be careful of what you wish for, you might just get it (because Obama doesn't get America).

Keep America, America. Vote for McCain/Palin.