TAXING THE ACHIEVERS 

Barack Obama is well on his way to taxing the dog squeeze out of the achievers, the business owners, the wealthy - the people who create the jobs in this country. Starting in 2011, over the next 10 years, Obama is proposing almost $1 trillion in tax increases. And you wealth-envy types can rest your pretty little heads .. he is going to increase taxes on those evil rich people you so love to hate. Jake Tapper from ABC News has the breakdown:

1) On households making more than $250,000:

• $338 billion from turning back the Bush tax cuts.
• $179 billlion by reducing the limits on itemized deductions
• $118 billion by increasing capital gains taxes

Total: $636 billion/10 years

2) On evil businesses:

• $17 billion comes from bringing back the Superfund taxes
• $24 billion fromtreating tax carried-interest as income
• $5 billion by codifying "economic substance doctrine"
• $61 billion from repeal of the LIFO accounting practice
• $210 billion from international enforcement, reform deferral, other tax reform
• $4 billion - information reporting for rental payments
• $5.3 billion from excise tax increases on Gulf of Mexico oil and gas
• $3.4 billion from repealing the expensing of tangible drilling costs
• $62 million from repealing the deductions for tertiary injectants
• $49 million from repealing passive loss exceptions for working interests in oil and natural gas properties
• 13 billion by repealing manufacturing tax deductions for oil and natural gas companies
• $1 billion by increasing to 7 years geological and geophysical amortization period for independent producers
• $882 million through eliminating advanced earned income tax credit

Total: $353 billion/10 years

There are people who actually believe that Obama is going to succeed in his quest to return economic prosperity to our country through taxation. There are also people who believe that wet streets cause rain. These people are commonly called "idiots."