Wealth, What is it?

TheMercenary · 06-13-2008, 12:07 PM

Well I guess I will not be voting for him.

Obama: Payroll tax on incomes above $250,000

Jun 13 12:24 PM US/Eastern
By CHARLES BABINGTON

COLUMBUS, Ohio (AP) - Democrat Barack Obama would apply the Social Security payroll tax to all annual incomes above $250,000, which he says would affect the wealthiest 3 percent of Americans.
The presidential candidate told senior citizens in Ohio on Friday that it is unfair for middle-class earners to pay the Social Security tax "on every dime they make, while millionaires and billionaires are only paying it on a very small percentage of their income."

The payroll tax is now applied to all income up to $102,000 a year, which covers the entire amount for most Americans. Under Obama's plan, the tax would not apply to incomes between that amount and $250,000. But all annual income above the quarter-million-dollar amount would be taxed under his plan.

http://www.breitbart.com/article.php...show_article=1

06-13-2008, 12:07 PM	#11
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Well I guess I will not be voting for him. Obama: Payroll tax on incomes above $250,000 Jun 13 12:24 PM US/Eastern By CHARLES BABINGTON COLUMBUS, Ohio (AP) - Democrat Barack Obama would apply the Social Security payroll tax to all annual incomes above $250,000, which he says would affect the wealthiest 3 percent of Americans. The presidential candidate told senior citizens in Ohio on Friday that it is unfair for middle-class earners to pay the Social Security tax "on every dime they make, while millionaires and billionaires are only paying it on a very small percentage of their income." The payroll tax is now applied to all income up to $102,000 a year, which covers the entire amount for most Americans. Under Obama's plan, the tax would not apply to incomes between that amount and $250,000. But all annual income above the quarter-million-dollar amount would be taxed under his plan. http://www.breitbart.com/article.php...show_article=1 __________________ Anyone but the this most fuked up President in History in 2012! Last edited by TheMercenary; 06-13-2008 at 12:18 PM.

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