The tax of $1,761 is just the start. Taxes have what is called a multiplier effect...they exert downward pressure on the economy.
In other words, not only will families have to pay an additional $1,761 but the economy will contract as result of pulling this money out of the consumers' disposable income and many folks will lose their jobs. Small businesses will see sales and incomes decline much more than just $1,761.
$1,761 is just the match that lights the fire. Of course, Obama doesn't understand business well enough to know that! He thinks money grows on trees and that, in the composite, such trees make up the "pie" that he and Michelle want to spread to his constituents.
These guys, BO’s crew, areb the gang that can’t get their numbers straight.With the increase in income taxes (10% bracket increase for everone) after 2010 and the impact of cap and tax, the deficits that keep rising and the gap, due to reduced revenues to fund them plus the impending inflation casued by this alone (cost push) not even taking into account the inflation caused by the FED and aforementioned increasing and unfinanced deficits, our dedicated disciplined marxist is really screwing things up nicely while he gets into a trade war with China , our largest debt buyer. Go Comrade O go. People’s republic here we come.2010 our last chance.