The Obamanation

[TheMercenary]

Originally Posted by Happy Monkey

So you're asking where the non-construction-related "shovel-ready" projects are?
I don't think that 1-5.4% of income over $280.000 is anywhere close to "most of that".

Someone making $280.001 would pay one cent in new taxes. I don't think they'll be skipping Starbucks.

You need to re do your math. 5.4% of $280,001 is $15,120.1. And that would be on top of their already 33% Federal tax rate, which would be 38.4% tax rate, and if you live in my state, add another 7% to that and you get 45% tax rate. So you think that the guy who worked his ass off to make that much should give 45% to the governemt?