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I caught my error and it now reads “President Obama’s tax plan to cost an additional $333K ($33K per year) for those earning more than $200K per year.

I also added the following paragraph: Take a small business owner earning $200K per year; they already pay an alarming $70K per year in taxes. The president’s plan would force them to pay an additional $33K per year totaling a staggering $103K per year or 53% of their income. This is before he pays Social Security, state taxes, property tax, etc. In short, he now works simply to pay the government rather than higher an employee or make capital improvements to his business. What we now have socialism plain and simple.

Thanks for taking the time to point out my error and more importantly taking time to read.