Do you think the 70% tax bracket will return if a Democrat is elected to office?

[urbanrebel23]

I was always under the assumption that the 70% tax bracket was for the super elite during and before the Carter administration, but while looking at the tax history on taxfoundation.org I saw that if I made 85000.00 a year in the early 80's I would lose 70% of that in taxes. That's just wrong. 85k is not a lot of money even then. I'm a single income earner for my family grossing 90k a year and if my taxes double It will make it increasingly impossible to support my family and save even a miniscule amount for retirement. It seems I had more money in my pocket when I was making 500 a week. Under the Democrats plan of tax the crap out of the citizens, where is the reward for getting ahead and bettering yourself? It's a wash as far as I can see.
People don't realize the Democrat's version of wealthy means anyone actually working and not mooching off the government. An income of 35k would put you in the 50% tax bracket. HAHAHA are they on crack. Meanwhile Hillary is loaning 5 mil. to her campaign. Under her own plan the would lose 3.5 mil of that.
The evidence shows that lower taxes actually increases government tax revenue because people keep more, spend more, and companies create jobs instead of shipping them overseas.

[G-Man]

Look at what they are touting. New bureaucracies, universal healthcare, increased welfare/domestic programs, the supposed "rich" won't be able to fund all that so they will target anybody not on welfare already.

[Cell Phone Dan]

During one of the debates Obama said something about lowering taxes for those who made less than 75K. I am right at that mark. IMO if he lowers taxes for people who make 75K he will raise it on those who make above 75K. My suggestion is to have multiple tax shelters to avoid this possible upcoming tax increases. If you have kids that will help. Also contribute to your 401K or Traditional IRA, second if you own a home make sure to write off all your property taxes and interest from your mortgage. Remember its about staying below that 75K mark for "taxable income". Either way those of us who have made the right decisions and worked hard and planned ahead are going to suffer if them dems get elected.

[kyfriedchicken]

Vote Mike Huckabee he supports Fair Tax. Getting rid of the IRS no income tax, taxes a flat 23% consumption tax,no savings tax, no investment tax, and every month most people would get a prebate check. Check out how much you would save with the Fair Tax calculator. Fair Tax.org