Obama's Plan To Raise Taxes On Us All

Fiscal Cliff Is Really Just Obama's Threat To Raise Taxes On Us All - Investors.com

On Jan. 1, the tax rates for virtually every major federal tax are scheduled to soar under current law, as the tax increases of ObamaCare go into effect, and the Bush tax cuts expire, which President Obama refuses to renew for the nation's job creators, investors and small businesses.
Under these Obama policies, the top two income tax rates will jump by nearly 20%, the capital gains tax rate will rocket up by nearly 60%, the tax rate on dividends will nearly triple, the Medicare payroll tax rate will explode by 62% for the disfavored taxpayers, and the death tax will rise from the grave with a 50% top rate increase.
That is all in addition to U.S. marginal corporate tax rates that are already the highest in the industrialized world, President Obama's second term agenda for exploding regulatory costs, and further Fed mischief.
It amounts to the perfect plan for renewed recession. Add the automatic sequestration of defense and non-defense discretionary spending and you have what the Washington Establishment has labeled "the fiscal cliff."

Read More At IBD: http://news.investors.com/ibd-editorials-viewpoint/120512-635837-fiscal-cliff-is-due-to-obama-policies.htm#ixzz2EHoaRS4N

What countries will Obama Taxes help the most? 
It certainly isn't America.