A specific ? for TEA partiers and right wingers

[KeeptheChange]

Well, they havent gone into effect yet, except the pesky cigarette tax under SCHIP.  They start in 2011.  Here's Obama's 2009 budget, prepared by Jake Tapper of ABC News:

President Obama's budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals.

1) On people making more than $250,000.

$338 billion - Bush tax cuts expire
$179 billlion - eliminate itemized deduction
$118 billion - capital gains tax hike

Total: $636 billion/10 years

2) Businesses:

$17 billion - Reinstate Superfund taxes
$24 billion - tax carried-interest as income
$5 billion - codify "economic substance doctrine"
$61 billion - repeal LIFO
$210 billion - international enforcement, reform deferral, other tax reform
$4 billion - information reporting for rental payments
$5.3 billion - excise tax on Gulf of Mexico oil and gas
$3.4 billion - repeal expensing of tangible drilling costs
$62 million - repeal deduction for tertiary injectants
$49 million - repeal passive loss exception for working interests in oil and natural gas properties
$13 billion - repeal manufacturing tax deduction for oil and natural gas companies
$1 billion - increase to 7 years geological and geophysical amortization period for independent producers
$882 million - eliminate advanced earned income tax credit

Total: $353 billion/10 years

so none of the taxes of the vast majority of the tea partiers are gonna be raised thanks for making his point.

Incorrect: The effects of these tax raises will effect the vast majority of working tea partiers.  Many small businesses may gross $250,000 under the owners name, and taxes are based upon gross earnings, not profit.  Say a small business makes $300,000 a year.  $50,000 of that is profit and the rest goes to operating costs (labor, materials, rent, utilities, etc.).  The owner of the business will have to cut employees and cut costs just to keep his business alive. 

BZZZZZ WRONG

Witty comeback.  He provided substance (and correct information).  Got any of your own?