Looks like B.H.O. and the DEM'S are chasing something the all ready have, enough taxes from the rich people in the United States.
National statistics show millionaires by and large are paying taxes at a much higher rate than middle-class families.
And their income taxes make up a significant portion of the federal budget pie.
Data compiled by the nonpartisan Tax Policy Center show households pulling in more than $1 million pay about 29.1 percent of their income in federal taxes. By contrast, households making between $50,000 and $75,000 pay about 15 percent.
In total, the Obama deficit-reduction package would seek to raise taxes, mostly on high-income households, by $1.5 trillion over the next decade.
Louisiana Republican Gov. Bobby Jindal said the problem is spending and described the president's proposal as not serious.
It really makes one wonder, Is this another dog and pony show by B.H.O. ?
YOURS IN LIBERTY ! ! !
Bob Yeager
National statistics show millionaires by and large are paying taxes at a much higher rate than middle-class families.
And their income taxes make up a significant portion of the federal budget pie.
Data compiled by the nonpartisan Tax Policy Center show households pulling in more than $1 million pay about 29.1 percent of their income in federal taxes. By contrast, households making between $50,000 and $75,000 pay about 15 percent.
In total, the Obama deficit-reduction package would seek to raise taxes, mostly on high-income households, by $1.5 trillion over the next decade.
Louisiana Republican Gov. Bobby Jindal said the problem is spending and described the president's proposal as not serious.
It really makes one wonder, Is this another dog and pony show by B.H.O. ?
YOURS IN LIBERTY ! ! !
Bob Yeager
I am a very confused reader. Please go back to this blog entry and re-read what you wrote.
ReplyDeletehttp://letsfixdc.blogspot.com/2011/07/obama-and-geithner-could-face.html#comments
First you said to raise taxes and now not to raise taxes on the uber-rich people. Which is it? To raise taxes or not to raise taxes? I want to take this blog seriously but how can I when you don't stick by your own posts?