REASONS TO VOTE NO ON THE CAPITAL

PROJECTS SALES TAX (ONE CENT SALES

TAX) ON NOV 2ND
AS OF JANUARY 1, 2011: THANKS TO THE FEDRAL GOVERNMENT
EXPIRATION OF THE BUSH TAX CUTS: NOTE: STATE OF SC TAXES WILL ALSO RISE

AS OF 12/31/10 AS OF 1/31/11
MONTHLY SALARY $6,400.00 MONTHLY SALARY $6,400.00
FEDERAL INCOME TAX - $392.00 FEDERAL INCOME TAX $571.00
STATE INCOME TAX - $320.00 STATE INCOME TAX $320.00
SOCIAL SECURITY TAX - $396.00 SOCIAL SECURITY $396.00
MEDICARE TAX -$92.00 MEDICARE TAX $92.00

TAKE HOME PAY $5,200.00 TAKE HOME PAY $5,021.00

PERSONAL INCOME TAX RATES WILL RISE:

10% TO 15%, 25% TO 28%, 28% TO 31%, 33% TO 36%, 35% TO 39.6%

HIGHER TAXES ON MARRIAGE AND FAMILY:

THE CHILD TAX CREDIT WILL BE REDUCED FROM $1000 TO $500.

STANDARD DECUCTION WILL NO LONGER BE DOUBLED FOR MARRIED COUPLES.

RETURN OF THE DEATH TAX - 55% TOP DEATH TAX RATE ON ESTATES OVER $1 MILLION.

CAPITAL GAINS TAX WILL RISE FROM 15% TO 20% - DIVIDENDS TAX WILL RISE FROM 15% TO 39.6%

OVER 20 NEW OR HIGHER TAXES IN OBAMACARE (HEALTH CARE REFORM)

AMERICANS WILL NO LONGER BE ABLE TO USE HEALTH SAVINGS ACCOUNT (HSA), FLEXABLE SPENDING
ACCOUNT (FSA), OR HEALTH REIMBURSEMENT (HRA) PRE-TAX DOLLARS TO PURCHANSE NON-
PRESCRIPTION, OVER THE COUNTER MEDICINES (EXCEPT INSULIN)

THE “SPECIAL NEEDS KIDS TAX”, UNDER OBAMACARE, IMPOSES A CAP ON FLEXABLE SPENDING
ACCOUNTS (FSA) OF $2500 (CURRENTLY THERE IS NO FFEDERAL GOVERNMENT LIMIT).

THE HEALTH SAVING ACCOUNT WITHDRAWL TAX HIKE UNDER OBAMACARE INCREASES THE
ADDITIONAL TAX ON NON-MEDICAL EARLY WITHDRAWLS FROM AN HEALTH SAVINGS ACCONT FROM 10
TO 20 PERCENT, DISADVANTAGING THEM RELATIVE TO IRAS AND OTHER TAX-ADVANTAGED ACCOUNTS,
WHICH REMAIN AT 10 PERCENT.
THE ALTERNATIVE MINIMUM TAX AND EMPLOYER TAX HIKES

MANY TAX RELIEF PROVISIONS OF THE ALTERNATIVE TAX (ATM) RELIEF PROVISIONS WILL EXPIRE.
THE ATM WILL ENSNARE OVER 28 MILLION FAMILIES, UP FROM 4 MILLION LAST YEAR. THESE FAMILIES
WILL HAVE TO CALCULATE THEIR TAX BURDENS TWICE, AND PAY TAXES AT THE HIGHER LEVEL.

SMALL BUSINESSES EXPENSING WILL BE SLASHED AND 50% EXPENSING WILL DISAPPEAR.
LARGE BUSINESSES CAN EXPENSE HALF OF THEIR PURCHASES OF EQUIPMENT

SCORES OF TAX HIKES ON BUSINESS WILL TAKE PLACE. THE BIGGEST IS THE LOSS OF THE “RESEARCH
AND EXPERIMENTATION TAX CREDIT. WITH THESE INCREASES IN TAXES MANY JOBS WILL BE LOST.

TAX BENEFITS FOR EDUCATION AND TEACHING WILL BE REDUCED

THE DEDUCTION FOR TUITION AND FEES WILL NOT BE AVAILABLE.

TAX CREDITS FOR EDUCATION WILL BE LIMITED.

TEACHERS WILL NO LONGER BE ABLE TO DEDUCT CLASSROOM EXPENSES.

COVERDELL EDUCATION SAVINGS ACCOUNTS WILL BE CUT.

EMPLOYER-PROVIDED EDUCATIONAL ASSISTANCE IS CURTAILED.

THE STUDENT LOAN INTEREST DEDUCTION WILL BE DISALLOWED FOR HUNDREDS OF THOUSANDS OF
FAMILIES.

CHARITABLE CONTRIBUTIONS FROM IRAS IS NO LONGER ALLOWED. (UNDER CURRENT LAW, A RETIRED
PERSON WITH AN IRA CAN CONTRIBUTE UP TO $100,00 PER YEAR DIRECTLY TO A CHARITY FROM THEIR
IRA. THIS CONTRIBUTION ALSO COUNTS TOWARD AN ANNUAL “REQUIRED MINIMUM DISTRIBUTION.”)
THIS ABILITY WILL NO LONGER BE AVAILABLE.

STARTING IN 2011, YOUR W-2 TAX FORM SENT BY YOUR EMPLOYER WILL BE INCREASED TO SHOW THE
VALUE OF WHATEVER HEALTH INSURANCE YOU ARE GIVEN BY THE COMPANY. IF YOU’RE RETIRED,
YOUR GROSS WILL GO UP BY THE AMOUNT OF INSURANCE YOU GET.

EVENTUALLY, YOU WILL PAY INCOME TAX ON THE VALUE OF YOUR INSURANCE, WHICH MAY PUT YOU
IN A NEW TAX BRACKET, SO YOU’LL PAY MORE. THIS IS HOW THE GOVERNMENT WILL BUY INSURANCE
FOR THE 15% THAT DON’T HAVE INSURANCE.
IN 2011 THE STATE OF SOUTH CAROLINA WILL INCREASE THE FOLLOWING
TAXES AS RECOMMENDED BY THE TAXATION RELIGNMENT COMMISSION
(TRAC)

The commission recommends that the state lower the state’s overall sales tax from 6 percent to 4.96
percent. But at nearly 5 percent, the reduced rate would still be higher than Georgia’s at 4 percent and
potentially North Carolina’s 5.57 Percent, scheduled to fall back to 4.75 percent as of July, 2011.

IN EXCHANGE FOR LOWERING THE SALES TAX, WHICH THE LEGISLATURE IS UNLIKELY TO DO, TRAC
RECOMMENDS THE FOLLOWING INCREASES:

A 2.5 PERCENT TAX ON ESSENTIALS AS GROCERIES, PRESCRIPTION DRUGS, ELECTRICITY, NATURAL GAS
AND WATER SOLD BY UTILITIES.

A TAX IN INTERNET PURCHASES SUCH AS AMAZON

THE ELIMINATION OF THE SALES TAX CAP OF $300 ON VEHICLES BOATS AND AIRPLANES
THE TAX WOULD INCREASE BY 100 PERCENT PER YEAR OVER 3 YEARS REACHING $1200 IN YEAR 3.
A TAX ON A VARIETY OF OTHER GOODS AND SERVICES, RANGING FROM GUNS TO MUSIC DOWNLOADS
TO HEARING AIDS TO CONCESSION SALES AT CHARITABLE EVENTS.

MANY OF THE TAXES IMPOSED WILL NOT EFFECT SPECIAL INTERESTS SUCH AS BOEING AND THE FILM
INDUSTRY.

THE STATE OF SOUTH CAROLINA IS FACING A $1 BILLION DEFICIT. DO YOU REALLY THINK THE
LEGISLATURE WILL REDUCE OUR CURRENT SALES TAX OR CUT THE CORPORATE TAX TO INCREASE
EMPLOYMENT IN SOUTH CAROLINA?

NON-ESSENTIAL AND WASTEFUL SPENDING IN THE CAPITAL PROJECTS SALES

AND USE TAX REFERENDUM

AFTER FACING ALL OF THE ABOVE MENTIONED TAXES IN 2011, AND A CONTINUING DEEP RECESSION,
THE FOLLOWING IS A LIST OF PROJECTS WHICH WASTE YOUR HARD EARNED TAX DOLLARS THROUGH
THE ONE CENT SALES TAX. WHILE YOU TIGHTEN YOUR BELTS YOUR CITIES ARE SPENDING!!

BURNETTOWN:
$500,000 FOR PARKS AND RECREATION RENOVATIONS INCLUDING PURCHASE, REMOVAL AND
INSTALLATION OF PLAYGROUND EQUIPMENT, SIGNAGE AND IMPROVEMENTS AT SASSAFRAS PARK AND
WILLIE WHALEY PARK
$50,000 FOR BEAUTIFICATION IMPROVEMENTS THROUGHOUT TOWN
$20,000 FOR A GOLF CART, 4 WHEELER PLUS TRAILER TO SUPPORT SASSAFRAS PARK
$160,000 FOR EQUIPMENT STORAGE FACILITY AND EQUIPMENT TO MAINTAIN PARKS
$250,000 FOR COMMUNITY CENTER UPGRADES
JACKSON:
$23,922 FOR LANDSCAPING AND SINAGE
$101,078 FOR NEW CONCESSION STAND WITH RESTROOM AT HARVEY PARK
$30,000 FOR THORTON PARK IMPROVEMENTS
$25,000 FOR SENIOR CENTER EXPANSION
$10,000 FOR PAVILION IMPROVEMENTS
$20,000 FOR RENOVATION TO POLICE STATION FOOD PANTRY

MONETTA:
$100,000 FOR LIGTING INSIDE/OUTSIDE WALKING TRACK

NEW ELLENTON:
$1,400,000 FOR CITY FACILITIES, CITY HALL AND COMMUNITY CENTER

PERRY:
$100,000 FOR PARK IMPROVEMENTS
$45,000 FOR MUNICIPAL BUILDING IMPROVEMENTS

SALLEY:
$30,000 FOR PURCHASE OF A 40 TO 50 HORSEPOWER TRACTOR WITH FINISHING MOWER AND FRONT
BUCKET
$ 8,000 TO REPLACE MOWER DECK OR PURCHASE A NEW ZERO TURN RADIUS MOWER
$100,000 FOR RENOVATION OF THE CIVIC CENTER

WAGENER:
$175,000 FOR COMMUNITY CIVIC CENTER RENOVATIONS, ADDITIONS, EQUIPMENT AND FURNISHINGS

WINDSOR:
$65,000 FOR CONSTRUCTION OF A NEW TOWN HALL
$16,000 FOR RENOVATIONS AND REPAIR OF RECREATION PARK

NORTH AUGUSTA:
$3,000,000 FOR NEW PARK DEVELOPMENT
$2,500,000 FOR CONSTRUCTION OF A NEW GYMNASIUM AND RIVERVIEW PARK ACTIVITIES CENTER
$1,000,000 FOR ROAD, PARKING AND LANDSCAPING IMPROVEMENTS TO RIVERFRONT/TOWN
CENTER/DOWNTOWN AREAS

CITY OF AIKEN:
$3,500,00 FOR CONSTRUCTION OF A SENIOR/YOUTH CENTER AT EUSTIS PARK
$500,000 FOR EXPANSION OF THE CITY OF AIKEN’S RAILROAD DEPOT COMPLEX (NOT INCLUDING
APPROXIMATELY THE COST OF STAFFING AND MAINTENANCE ESTIMATED TO BE APPROXIMATELY
$100,000 ANNUALLY)
$50,000 FOR THE PURCHASE OF PLAYGROUND EQUIPMENT AT GOVERNOR AIKEN PARK
$500,000 FOR CITIZENS PARK PHASE 1 FENCING AND CANOPY
$155,000 FOR LIBRARY PARK PLAYGROUND UPGRADES TO PROVIDE A BARRIER FREE PLAYGROUND FOR
ALL CHILDREN, INCLUDING THOSE WITH SPECIAL NEEDS (WHICH NO ONE USES)
$100,000 FOR PHASE ll CONSTRUCTION OF WALKING TRACK AT CITIZENS PARK SPORTS COMPLEX
$500,000 TO PURCHASE LAND FOR A FUTURE NORTHSIDE PARK
$1,500,000 FOR OPEN SPACE ACQUISITION AND PRESERVATION
$700,000 FOR LIGHTING, CURBING, SIDEWALKS AND LANDSCAPE PROGRAMS
$1,000,000 FOR CONSTRUCTION OF A PUBLICLY OWNED ANIMAL SHELTER
(WE PAY THE SPCA FOR ITS SERVICES TO THE CITY AND THE COUNTY IS REQUESTING $1,000,000 TO
BUILD AN ANIMAL SHELTER IN THE COUNTY)
$3,000,000 FOR EXPANSION OF THE MUNICIPAL BUILDING (WHILE WE CUT BACK, THE GOVERNMENT
CONTINUES TO GROW)

AIKEN COUNTY:
$1,500,000 FOR RENOVATIONS AND UPGRADES TO EXISTING AIKEN COUNTY RECREATION FACILITIES
AND PARKS.
$1,850,000 FOR THE CONSTRUCTION OF AN EVENTS CENTER AND IMPROVEMENTS TO THE ROWING
COURSE AT LANGLEY POND
$400,000 FOR THE CONSTRUCTION OF A LIGHTED SOCCER COMPLEX
$1,500,000 FOR GREEN SPACE ACQUISITION AND RESTORATION
$400,000 FOR IMPROVEMENTS AND COMPLETION OF THE CENTER FOR HYDROGEN RESEARCH
$100,000 FOR RENOVATIONS AND IMPROVEMENTS AT THE AIKEN COUNTY AGRICULTURAL CENTER
$90,000 FOR RENOVATIONS AND IMPROVEMENTS AT THE DEPARTMENT OF SOCIAL SERVICES
$1,700,000 FOR RENOVATIONS AND COMPLETION OF THE UNFINISHED PORTION OF THE AIKEN COUNTY
LIBRARY
$100,000 FOR THE CONSTRUCTION OF A NEW PARK MAINTENANCE SHOP FOR THE RECREATION DEPT.
$1,000,000 FOR ADDITION AND CONSTRUCTION OF A NEW ANIMAL SHELTER/ADOPTION CENTER
(SEE CITY OF AIKEN REQUEST)
$500,000 FOR DIGITAL ORTHOPHOTOS AND PICTOMETRY FOR MAPPING OF THE COUNTY
$2,000,000 FOR CONTINUED BROWNFIELD REMEDIATION AND RESTORATION

THESE PROJECTS, IN THIS ECONOMIC CLIMATE ARE NON-ESSENTIAL AND A WASTE OF YOUR TAX
DOLLARS. WOULDN’T THESE TAX DOLLARS BE PUT TO BETTER USE BEING SPENT IN OUR LOCAL
COMMUNITY BY TAX PAYERS TO HELP OUR LOCAL BUSINESSES GET THROUGH THE CURRENT
RECESSION?

ON NOVEMBER 2ND VOTE NO ON THE CAPITAL PROJECTS SALES AND USE TAX.

LET’S KEEP OUR MONEY IN OUR POCKETS AND HELP OUR LOCAL BUSINESSES
SURVIVE IN THIS DEPRESSED ECONOMY RATHER THAN DONATE IT TO A
WASTEFUL SPENDING GOVERNMENT!