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Obama Proposes a 52% Tax Rate

By Mark H. Astarita, Esq.

I hate to raise political discussion here, but this presidential election has to be one the most concerning in my lifetime. There is simply no good choice among the candidates. Sure, McCain supporters will tell you that he is a war hero, and Obama's supports will tell you that he is a great speaker, but neither of them will, IMHO, be a great president.And quite honestly, they both scare me. McCain for his age, his confusion, and his blind faith in following President Bush. And Obama because we don't know enough about him.But here is what we do know. Obama intends to raise income taxes, and he intends to raise them big time. I will never forget his statement during the primaries, when he wanted to completely remove the cap on social security taxes...continue to full post

Full post as published by SECLaw.com on June 21, 2008 (boomark / email).