How to Double Dip! – by NETTP Member, Dr. Carey Page
Posted July 2nd, 2010 by "Yawn"Six Months to Go Until The Largest Tax Hikes in History
The link above, from Americans for Tax Reform, is a synopsis of the Tax Hikes we face in 2011: higher marginal rates, progressive Alternative Minimum Tax, phase-out of charitable deductions, taxes related to the implementation of Obamacare, increase in capital gains tax, return of the “death Tax,” etc. Just what we need in our current economy. Christine Romer’s own data show that a 1% increment in taxes results in a 3% decline in GDP. These changes will likely insure at least a double dip recession and perhaps a third Depression in the United States.
Categories: Taxes
