This is what needs to resonate with 95% of Americans!!! Is this what the top %5 are scared to death about?
- A family of four making $50,000 pay no taxes and get an additional $40 per month. That same family would have owed $760.00 under the Bush Plan.
- Big Tax cuts for families making over $150,000 with children in college (An expanded $1,000 child tax credit would be made permanent, as would an expanded $2,500 tax credit for college expenses. Families making up to $160,000 a year would be eligible for the full college credit.)
- A family making $35,000 a year would get a payment of $4,100, an increase of $1,200.
- Most working couples will get new tax credit of up to $800 for 2009 and 2010 — single filers get up to $400. Obama's budget proposal would make the credit permanent for families making less than $190,000 and individuals making less than $95,000.
You can read the article here
The Republicans making over $250,000 (and that's after tax deductions) are kicking and screaming and I don't feel one bit sorry for them.
Under Obama's budget proposal, a typical family of four making $300,000 a year would see their federal income taxes increase by $1,100, while a similar family making $500,000 would get an $11,300 increase, according to the Deloitte analysis. Single filers with no children would be hit with even bigger tax increases.
I will start with Rush Limbaugh's response. Doesn't he make somthing like $400,000,000?
Here's Fox New's response (Ann Coulter) I'm pretty sure she's very rich
and here's what the poor %5 making over $250,000 per year do when they lose money!!!
I have a three year old daughter who throws tantrums like these folks when you take away her toys. Interesting to see the correlation.
Obama is beginning to do what he promised to do and the top %5 are kicking and screaming!!!
If they would have just trickled down their money after Bush gave them a tax break (as if they needed it) maybe the economy would be robust. Reaganism is dead!!!
Now they will be forced to trickle down their greed. The biggest questions Americans need to be asking themselves:
Will the grass still be green for those making over $250,000 per year?
The answer is absoulutely!!! I won't lose sleep over their tax hike!!!
Also, let us not forget that if a person is making over $300,000 per year (after deductions) then they probably don't have too many mortgages to worry about. They focus on acquring more wealth and fatter wallets.