does that include the rate of inflations that has occured since those presidencies? or acount for the bonus of inflation we will all see in the coming future as the economy adjusts to the new stimulus tax. just because it's calcualted to be less doesn't mean it will feel less. I am not against Obama, but that doesn't mean I think he has it all figured out - he will fumble through it just like all the other presidents before him, I just hope he doesn't fumble like the last president did.
Craig, the only people seeing raises in their taxes are those making over $250,000 a year. That seems fair to me. Think of it as living the law of consecration.
Amanda, President Obama is only one man and can't be expected to have it all figured out. He can only look at what has worked or has not worked in the past, assess the current situation and make an educated guess. Obama was elected because he was the smartest guy on the ticket - the one most likely to make the best educated guess.
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does that include the rate of inflations that has occured since those presidencies? or acount for the bonus of inflation we will all see in the coming future as the economy adjusts to the new stimulus tax. just because it's calcualted to be less doesn't mean it will feel less. I am not against Obama, but that doesn't mean I think he has it all figured out - he will fumble through it just like all the other presidents before him, I just hope he doesn't fumble like the last president did.
please excuse the typos - 2yr old in my lap!
Inflation is not a factor when you are talking about percentages or ratios.
That being said, 39% income tax is too much for anyone to have to pay, IMHO.
39% tax means you will work 4.6 Months to pay your taxes. So that means you still have 1 month of 2009 to work until you get to take home $1.
Craig, the only people seeing raises in their taxes are those making over $250,000 a year. That seems fair to me. Think of it as living the law of consecration.
Amanda, President Obama is only one man and can't be expected to have it all figured out. He can only look at what has worked or has not worked in the past, assess the current situation and make an educated guess. Obama was elected because he was the smartest guy on the ticket - the one most likely to make the best educated guess.
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