The real agenda of the Democrat Party

You need to read this if you are or ever plan to be a home owner. It could affect your wallet and back account drastically!

Have any of you actually considered what the newly elected democrat congress has planned now that they are in control? What exactly is their main agenda?

Let’s begin with a few things that I don't think many will disagree with. Democrats are the party of big government and promote a social welfare state. They want to make more Americans dependent on government, because they know that the more people who rely on the dependency of government the weaker the people become and the stronger the government gets. It goes without saying that the stronger and more powerful government becomes the stronger and more powerful the politicians who control that government become. This isn't brain surgery or rocket science here.

In order for Democrats to make Americans dependent on government they must figure out how to take money out of the hands of the people who earned it. When people are allowed to keep what they earn that contributes to their personal independence. Independent people don't need politicians. Money taken from those who earn it and used to build the social welfare state robs people of their independence. This is why Democrats love the idea of tax increases.

Of course Democrats will tell you that they only want to raise taxes on the so-called "rich." They will probably come up with some figure around $200,000 or $250,000 range to describe "rich" when they start to work on their tax increase plans. The democrats know that their “making the rich pay their fair share” idea works well with their voter base. Playing to wealth and class envy will always earn votes. The democrats also know that nothing earns votes better than perceived free social handouts. I mean who doesn’t like a free lunch, right…

Giving away all those perceived free social programs costs a lot of money though. The only way the democrats can cover the tab is through over taxation but not to the point of a tax revolution.

Now just because you happen to fall below that "rich" category, does not mean they will not come after your wallet. They have a little scheme planned that will potentially put you right in the middle of the "rich" category, thus setting you up for some pretty substantial tax increases, especially, if you own your home or property.

The scheme is called "imputed income," and it’s a brilliant and devious idea on how to tax and punish your home and property ownership. If you own your home or are a real estate investor / entrepreneur, this tax will have a dramatic impact on your wealth.

Here's how it works.

Let's say that you've owned your home for about 20 years. For 20 years your home has been appreciating in value ... big time in recent years. Your monthly payments on that home are about $550 a month. Since it's a 20-year-old loan made when the cost of your home was much less there isn't much of a home mortgage tax deduction left, because you almost have the home paid off, and the bulk of your payments go to principal instead of interest.

So the fact that you're living in a nice home, and paying very little, attracts the interest of Democrats. They know that there are a lot of people in your neighborhood that paid a lot more for their homes than you did, and their mortgage payments are a lot higher. Not only that, but there are other people renting homes in your neighborhood and they're paying much more than you are every month. It's obvious that you're enjoying some great economic benefit due to the fact that you've owned your home for so long and your payments are so low. Well, where there's an economic benefit, there must be a tax!

Enter the concept of imputed income!

Under this plan, first proposed by Clinton Democrats before the voter revolution of 1994, the government would figure out how much your home would rent for every month. To do this they would use all of that census data they've gathered, plus any information that they can develop on current sale and rental prices up and down your street.

Let's say that the government and the IRS determine that your home would rent for $3,250 a month. That would add up to $39,000 a year. But the IRS discovers that you're only paying $550 a month or $6,600 a year in mortgage payments. Well, there's that economic benefit you're enjoying by virtue of your long-term home ownership. The economic benefit of your home ownership is the difference between the $39,000 you should be paying to live there, and the $6,600 you're actually paying. Do the math. You're getting $32,400 every year in non-taxed economic benefits!

The Democrat plan is simple. Just take that $32,400 and add it to your taxable income on your next tax return. Then you get the privilege of paying income taxes to the federal government on the economic benefit you derive from your long-term home ownership. The IRS has "evened the playing field" in your neighborhood ... so to speak. Your neighbors had to pay taxes on the full $39,000 they're paying to live down the street ... now you will have to do the same. After all ... it's only fair, right!

Now imagine if you own more than one home. Wow that can add up fast!!!

Just remember this. Democrats actually believe that the best use for every single penny you earn is for it to be spent by government for what they love to call the "common good." They will allow you to keep just enough of your earnings to avoid your participation in a full-scale tax revolt. A good Democrat knows that only Democrats and the government know what is good for you, and that you will be so much better off and your life oh so much better if you will just succumb to the power of government and it's ability to care for you much better than you can care for yourself.