Also, I wonder how Obama's high-income supporters in high-tax, high-cost areas like NYC, California, and DC are feeling right now? According to an article I read today, the top 7% of taxpaying families make over 250K a year, while the top 1% make over 380K. So the vast majority of those affected by Obama's tax plans are in the 250-380K range.
If you live in DC, on your marginal dollar of you'll be paying 39.6% in federal taxes, 10% in DC income taxes (with no deduction thanks to the AMT), ... oh, and that 800K mortgage you took out in 2004, on which you pay 50K a year in interest? Instead of a 20K deduction, it will be 14K. And that's not counting the inevitable push to add 6% or so in social security taxes (really, 12%, half payed by the employer). Your other deductions with face similar limits. For a couple with adjusted gross income about 250K, I'm estimating a marginal tax rate without additional social security taxes of around 52%, 64%, including the employer share, if new social security taxes added.
Tax the rich?
My friends in this income bracket tend to have have high mortgages, work 60-80 hours a week, pay 40-50K or more a year for child care (a nanny is necessary when you often work into the late evening--and even day care for two kids in the DC area costs close to 40K a year), and have six figures worth of student loans, primarily from professional school, that they are still paying off. In other words, approximately 100K of their pretax income is taken up by their student loans and child care costs, which are the equivalent of "startup costs". Their mortgage costs may seem excessive, but you don't easily make six figures in low-housing cost cities like Des Moines, and living in outer suburbs is very difficult when you work 12 hour days.
If a hypothetical couple's initial income is a total of $300K, and they work an average of 70 hours each, and assuming two weeks vacation, they are in effect getting a grand total of $28.57 an hour for their labors, and a fair percent of that is going to pay interest on the mortgage. I'm sure they are glad to know that they are rich enough to be taxed at over 50% of their marginal dollar.
Tienen lo que merecen.
Se elimina el incentivo para laburar duro y caer dentro de ese tax bracket... exactamente lo que le reclamaba Joe el Plomero a Obama.
ReplyDeleteMultipliquen eso por varios millones, y es una destrucción de los principios que crearon EEUU.
Ayers no necesitó poner más bombas para combatir a los EEUU, si bien tardó más, le fue mas facil adoctrinar a Barry, que ahora está aniquilando el país mucho más eficientemente.
Ellos lo votaron, incluyendo a la perrada de Joliwud, y son los principales ideólogos y promotores de esas políticas, me imagino que estarán saltando en una pata.
ReplyDeleteHoy Rasmussen dice que el 51 % de los estadounidenses está a favor de la medida del presidente de aumentar los impuestos a aquellos que tienen ingresos mayores a 250.000 dolares.
ReplyDeleteNo tengo ahora el link pero vayan por google a la página de Rasmussen y lo van a ver.
No hay que echarle tanto la culpa a Obama, a él lo eligieron, y no solamente Hollywood ni los progres de la costa este.
Los obrerachos de Ohio y Pennsylvania también son culpabes de tener a este tipo en la White House, pese a que el mismo Obama los había tildado de ignorantes en plena campaña.
Los pueblos tienen los gobiernos que se merecen y EEUU hace rato que dejó de ser lo que era.