In response to:

Beginning of the End Starts Third Week of January

kenneth416 Wrote: Nov 18, 2012 10:57 AM
continued----- rather than itemizing deductions. So, if one wanted to carry a $1M mortgage on one's extravagent mansion at 5%, resulting in a $50,000 deduction, it would no longer be deductible. Instead, he and his trophy wife would be limited to a "standard deduction." Admittedly, this would impact the housing market, as it would charitable giving, but this would be a small price to pay to shift us toward a consumption tax.

Georgia Boy wrote: Actually, President Obama has not raised taxes on anybody, but I think he will raise taxes on the wealthiest (back to historic levels) when he gets his second term. That said, Ransom is just another Rat-wing speculation, pretty much full of bovine manure. -France’s “No Limit” Tax Perfect for Zero

Dear Comrade Boy Georgia,

You’re right about Obama wanting to bring taxes to historic levels, although like most liberals you don’t understand what you are saying. Still, rest assured, if you did understand what you said about taxes at historic levels, you’d be for that too.