9 Reasons Your Taxes Are Going Up

[trogdor]

No matter who's elected president, the debt party's over

Reason No. 1: "Most Americans have yet to feel any of the costs of the Iraq war," write Nobel economist Joseph Stiglitz and Linda Bilmes in an excerpt of their new book, "The Three Trillion Dollar War," in Vanity Fair. "The price in blood has been paid by members of the volunteer military. The price in treasure has been financed entirely by borrowing. Taxes have not been raised to pay for the war."

Well, folks, the party's over. Campaign rhetoric won't hide America's excesses, denial, incompetence and arrogance much longer. No matter who's elected, taxes will increase to cover massive debts. Greed has driven America's great economic engine into a "debt contagion" ditch with a recession, bear market, price inflation, and weak job and housing markets ... you bet your taxes will increase.

http://finance.yahoo.com/taxes/article/104716/10-Reasons-Your-Taxes-Are-Going-Up

[Benhurst]

1. Most of us were never invited to the party. Let those danced pay the piper.

[islandmkl]

2. those 'dancers' have already gotten into their limos and gone home....

[Clear Blue Sky]

4. This is everyone's dance, whether invited or not...

[sinkingfeeling]

3. It's only fair to sur-charge everybody that voted for Bush in 2000 and/or 2004 an extra

$10,000 a year until their 'war' is paid for. However, it will be the middle and lower classes who will be eaten alive with the debt.