Here's how Obammie the Commie pays for his spending. If this passes, overnight, we will all have about 25% added on to our taxable income.
My company maintains a web based application that shows your compensation package. I wondered just how much the company actually contributes. On top of my salary, the company contributes about $8,000 to social security/medicare and about $8,000 toward the health care benefits. Neither of those appears in my "gross" compensation. To tax it, it will have to be moved into the "gross" compensation, then nailed at 39.6% under Obama's new tax scheme. There goes another $3200 into the tax rat hole. As I tally up the damage, Obama's new tax scheme is going to suck $20,000 more a year out of my pockets. My FIT will be in the range of $58,000. Holy crap!
I really need to figure out how to get out of that insane tax bracket. European socialism is starting to look like a picnic compared to what this communist bastard is shoving down our throats.