Obama to snatch up to 75% of your income - feds could confiscate more than half of everything earned
• godlikeproductions.comIf President Obama repeals the Bush tax cuts and imposes a 20 percent value added tax, or VAT, on the U.S., Americans may be facing tax rates where more than half of everything earned is confiscated by the federal government in the form of income tax
A VAT tax falls heaviest on the middle and lower classes that spend most of their income on survival. So all it will do is encourage a black market.
How do you spell Tax Relief: www.gvmtaxshelter.com