Monday, March 16, 2009

Is Paying 39% in Taxes Too Much?

I will beat this into the ground until people wake up to the truth about Obama’s tax plan. 

If you make $200,000 or more, which accounts for approximately 2% of the country, then your taxes will roll back from the present 35% to Clinton era rates of 39%.  To put this in perspective, Under Regan, taxes for this bracket were at 50%.  Nixon, 70%.  Eisenhower, 91%.  Here’s a handy chart from moveon.org:

tax_rate-chart

1 comment:

  1. Obama needs to be bolder. We should create a new tax bracket for $1million+ and tax that at a 50% rate.

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