How Obama’s Tax Attack Will Hurt Everyone (Whether You’re a Rich Business Owner Or Not!)

Earn $75,000 a Year? Obama’s Coming After You Too!

Oh and by the way, if you make as much as $75,000 a year…Obama’s coming after you too through the Alternative Minimum Tax.
This will tax families earning between $75,000 and $500,000 a year more than they had in the past. So the AMT which was only originally designed to affect millionaires will now affect those earning $75,000 a year!
Any time the tax burden increases, job creation is much slower. Also, the expansion of corporate profits slows down.
This horrendous combo will cause stocks to tank once again!
Any time the government zaps this much of corporate earnings through extra taxation, it weighs upon earnings growth. That in turn will weigh upon stock prices have to be ratcheted down to match the lower earnings growth rates.
However, when stocks start to fall, they will not only fall to match those lower earnings levels but they will fall much further. Why? A stock market downtrend causes more fear and more panic and feeds off of itself. It causes stocks to overshoot to the downside