Bush’s tax cuts for the “rich”

President (and candidate) Obama vowed to roll back Bush’s tax-cuts for the “rich” (set to expire December 31, 2010).

The tax cuts are set to expire at the end of 2010 unless Congress renews them, meaning their expiration would amount to an across-the-board tax increase for Americans who pay income taxes, roughly 60 percent of the country.

If no changes are made, the expiration of Bush’s tax policy for the “rich” will also raise the lowest 10-percent bracket to 15 percent.

A study by the Joint Committee on Taxation found that raising just the lowest income tax rate from 10 percent to 15 percent would cost 88 million taxpayers an average of $503 next year.

1040form

If no changes are made, the expiration of Bush’s tax cuts for the “rich” will result in Federal income taxes going up in 2011 as follows:

If you* are a “rich” single making $34,000 a year – your Federal income tax is going up by 9%.

 If you* are a “very rich” single making $82,000 a year – your Federal income tax is going up by 10.3%.

If you* are an “affluent” single making $125,000 a year – your Federal income tax is going up by 10.3%.

If you* are a very affluent” single making $200,000 a year your Federal income tax is going up by 9.7%.

If you* are a “wealthy” single making $300,000 a year – your Federal income tax is going up by 9.3%.

* Are YOU defined as belonging to middle-class America?

If no changes are made, the expiration of Bush’s tax cuts by the end of 2010 will effect Federal Income Tax as follows:
– Raise the lowest 10 percent bracket to 15 percent.
– Raise the 25 percent rate to 28 percent.
– Raise the 28 percent rate to 31 percent.
– Raise the 33 percent rate to 36 percent.
– Raise the 35 percent rate to 39.6 percent.

All the President’s People: Imam Feisal Abdul Rauf

During the 2008 Presidential campaign Barack Obama told audiences:

‘Judge me by the people with whom I surround myself.’

 

We Do!


 

Imam Feisal Abdul Rauf – Participant in a special State Department cultural program, representing the United States in a trip to Muslim countries in the Middle East that reportedly includes stops in Saudi Arabia, the United Arab Emirates and Abu Dhabi.

(August 2010)

Alg_resize_mosque_imam-feisal

 

Highlights of Imam Feisal Abdul Rauf’s Career

  • Born in Kuwait in 1948, Feisal Abdul Rauf is the Imam of Masjid al-Farah, a New York City mosque.
  • In a 60 Minutes interview that aired on September 30, 2001 (19 days after the 9/11 terrorist attacks on the U.S.), Rauf said that the 9/11 attacks were part of a larger Islamic “reaction against the U.S. government politically, where we [the U.S.] espouse principles of democracy and human rights, and [yet] where we ally ourselves with oppressive regimes in many of these countries.”
  • “I wouldn’t say that the United States deserved what happened,” Rauf elaborated in the interview, “but United States policies were an accessory to the crime that happened.
  • Rauf further stated that “because we [Americans] have been accessory to a lot of innocent lives dying in the world,” it could be said that “[i]n fact, in the most direct sense, Osama bin Laden is made in the USA.
  • Rauf’s 2004 book, What’s Right with Islam Is What’s Right with America suggests that the “American Constitution and system of governance uphold the core principles of Islamic law” (i.e., sharia). The author concludes, therefore, that the “American political structure is sharia-compliant.”
  • In a question-and-answer session of Rauf’s 2005 appearance at Australia’s Bob Hawke Prime Ministerial Centre, the imam said: “We tend to forget, in the West, that the United States has more Muslim blood on its hands than al Qaida has on its hands of innocent non Muslims.” (Learn more…)
  • In December 2007 Rauf promoted What’s Right with Islam at a Malaysia gathering of Hizb ut Tahrir, which seeks to impose sharia on the United States and other countries worldwide.
  • In a June 2010 interview with newsman Aaron Klein on New York’s WABC Radio, Rauf was asked whether he agreed with the State Department’s designation of Hamas as a terrorist organization. Rauf refused  to define ‘Hamas’ as a terrorist organization. He replied: “I’m not a politician. I try to avoid the issues. The issue of terrorism is a very complex question…. I’m a bridge builder. I define my work as a bridge builder. I do not want to be placed, nor do I accept to be placed in a position of being put in a position where I am the target of one side or another.”
  • In recent years, Rauf has pursued a project known as the Cordoba Initiative, whose mission is to recapture an “atmosphere of interfaith tolerance and respect” in “Muslim-West relations.” Funded by numerous countries that are members of the Organization of the Islamic Conference, this Initiative aims to build a 13-story, $100 million mosque/Islamic Center just 600 feet from Ground Zero in lower Manhattan. The proposed name of the structure — “Cordoba House” — implies conquest. Indeed, the first Cordoba mosque was built in the Spanish city of Cordoba after the Muslim conquest of Christian Spain in the 8th century AD.
  • In August 2010, the State Department announced that it would be sending Rauf on a trip through the Middle East to foster “greater understanding” about Islam and Muslim life in the United States.
  • Rauf is a key member in the Malaysian-based Perdana Global Peace Organization, the single biggest donor ($366,000 as of June 2010) to the Free Gaza Movement.

The deteriorating definition of middle-class America

President (and candidate) Obama has pledged numerous times not to raise taxes on Middle-Class Americans.  Any tax!

  • No raise in Income Tax.
  • No raise in Capital Gains Tax.
  • No raise in Payroll Tax.

But – What is the definition of Middle-Class?

Who belongs to the Middle-Class and therefore ‘deserves’ to see no tax increase?

And who of us belongs to the Upper-Class and therefore ‘deserve’ to be taxed more?

 

Let’s see:

 

1) The $250,000 threshold

On numerous occasions Obama has promised that your taxes won’t go up if you’re making under $250,000 a year.

2) The $200,000 threshold

In a campaign ad from October 2008, Obama pledged a tax cut to any family making less than $200,000 a year.

3) The $150,000 threshold

In an interview given in October 2008, Vice President (then candidate) Joe Biden said tax breaks should go to middle-class people – people making less than $150,000 a year.

4) The $97,500 threshold

In November 2007, President (then candidate) Obama said he wanted to raise payroll taxes on people making over $97,500 a year, defining this portion of the population as “upper-class”.