The following are some of Obama's Taxing proposals :
He will create a 60 percent tax bracket for upper-income Americans and raise the top bracket to 40 percent. He will apply FICA taxes to all income, not just that under $100,000 as at present. ( 40 %+ FICA’s 12.5 % + Medicare’s 2 % + state and local taxes averaging, after deduction, at 5-6 %=60 %. (Source-Dick Morris )
He will double the capital gains tax. The likelihood of an Obama Presidency could trigger a Stock Market Crash as investors rush to sell shares to avoid the higher rates of capital gains tax.
He will double the dividend tax.
His opposition to nuclear power and extra oil drilling means that energy prices will remain high. America's over reliance on oil imports will continue.
Obama plans to raise spending by $800 billion over 4 years. The Tax Payer will fund the Socialist policies of a President Obama.