Skip to comments.Obama Budget Shows Middle-Class Tax Pledge Was Fraud
Posted on 04/25/2013 4:32:54 AM PDT by IBD editorial writer
Taxes: A new study shows President Obama's budget would significantly boost taxes on the middle class. Funny, we seem to recall him promising voters that only the rich would pay for his grandiose spending plans.
According to the analysis from the nonpartisan but liberal-leaning Tax Policy Center, Obama's budget would hit wealthy families hardest, with the top 20% of income earners shouldering almost 90% of the tax hike.
But families at every income level would end up paying more if Obama's budget were enacted, including those making less than $10,000 a year.
(Excerpt) Read more at news.investors.com ...
Obama and his running dog lackeys want it all.
But $10,000 a year IS rich. /s
From Revolutionary Essays by Bela Kun
Bela Kun Hungarian revolutionary who led the Hungarian Soviet Republic in 1919. Following the fall of the Hungarian revolution, Kun emigrated to the Soviet Union, where he worked as a functionary in the Communist International bureaucracy.
Anyone who ever thought otherwise is fundamentally, well, silly !
It is, if you're living in 1890 of course. That's probably how they got the income tax approved; they convinced the voters that they wouldn't be personally affected by it. Only those upper income people who make $5,000 a year would ever have to worry about paying it.
bflr of comments
Obamacare broke the no taxes on the middle class pledge. Just the reduction in the total pre-tax dollars you can put in a health care spending account in 2013 is a tax increase. There are more.
Obama’s Legacy = FRAUD
Anybody who’s “working” is a threat. Basically...
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