New Tax in January ~ No one seems to know about this........
This is bad! Really, really bad!!!!!!!!! Be sure to read this and check out the link at the bottom of the page.
CLICK ON THE LINK AT BOTTOM OF EMAIL!!!!!!!!!!
I just received a lengthy e-mail about a new tax few know about. Rather than forward the entire message I will condense it, but recommend you check out the link at the bottom to read the Washington Times editorial.
This will affect most of you because it is a
payroll deduction, so you might also want to forward it to your kids or young friends so they can be prepared also. $150 to $250 per month is not chump change.
We will all be taxed $150-$250 PER MONTH beginning in 2011 for the NEW Community Living Assistance Services and Support Act (CLASS Act) that was added to the
Reconciliation Bill on Friday night, Mar 19, 2010, before Congress voted on Sunday, Mar. 21, 2010. It will help pay for long-term home-care for the elderly.
In January of 2011, the government will start taking between $150-$250 out of our paychecks every month. ALL of us will be taxed on this one rich or poor, everyone except people who don't have a job. If you have a job and get a pay check, the government will take this tax from you.
And there's more to this surprise! The program won't begin for five years, and they don't expect to pay out anything for at least 10 years. So we get a head start on paying for it. Isn't that great? The government will take our money and put it in their savings account for at least 10 years, and then they will start giving it to other people.
The CLASS ACT, (isn't that a great name for it?) was apparently a pet project of the late Sen. Ted Kennedy, who was never able to get support for it because it was just to costly. What a wonderful tribute to
Senator Kennedy! I know he would be so proud of Nancy for getting this done for him.
http://www.washingtontimes.com/news/2010/apr/01/robbing-peter-to-pay-pauls-health-care/