Saturday, November 01, 2008


You hear a lot of right-wingers whining like little children because the EEEVIL Obama want to raise taxes on those poor, poor people who make more than $250,000 a year. Well, let's look at what the actual figures are, shall we? And remember: these figures are NET income. That's $250,000 a year AFTER expenses and deductions.

According to the Tax Policy Center, here is how Obama's tax plan breaks down for individuals:

$0-$18,891 = $567 tax cut
$18,982-$37,595 = $892 tax cut
$37,596-$66,354 = $1,118 tax cut
$66,355-$111,645 = $1,264 tax cut
$111,646-$160,972 = $2,135 tax cut
$160,973-$226,918 = $2,796 tax cut
$226,919-$603,402 = $121 tax increase
$603,403-$2.87 million = $93,709 tax increase
$2.87 million-plus = $542,882 tax increase

This is the part that gets to me:

"$226,919-$603,402 = $121 tax increase"

People netting up to SIX HUNDRED THOUSAND DOLLARS A YEAR will see there taxes go up by a HUNDRED AND TWENTY ONE bucks.

And they're screaming like it's the end of the world.


They will look you in the eye, and tell you that that $121 will make people not want to make half a million dollars a year.

And they actually don't realize how INSANE that is.

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