First Wave: Expiration of 2001 and 2003 Tax Relief
Personal income tax rates will rise.
Higher taxes on marriage and family.
The return of the Death Tax.
Higher tax rates on savers and investors.
Second Wave: Obamacare
The Tanning Tax.
The “Medicine Cabinet Tax”
The HSA Withdrawal Tax Hike.
Brand Name Drug Tax.
Economic Substance Doctrine.
Employer Reporting of Health Insurance Costs on a W-2.
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
The AMT will ensnare over 28 million families, up from 4 million last year.
Small business expensing will be slashed and 50% expensing will disappear
Taxes will be raised on all types of businesses
Tax Benefits for Education and Teaching Reduced
Charitable Contributions from IRAs no longer allowed
We better Hope we have some Change left.
Somehow, I expect we will not.
Repeat after me: I will not vote for an incumbent.