Posted on 08/01/2011 9:10:27 AM PDT by AngelesCrestHighway
No idea...
No, I expected that the Freedom of Press passage would have created numerous voices, spreading the News- such that any political bias would be dimminished. Why? Because no one likes to be ‘given their opinion’; I had stupidly thought that people would just want the facts, and with the facts at hand, would arrive at an opinion.
My stupidity is blinding sometimes; Libtards are incapable of individual thought - if someone didn’t give them an opinion; they would sit and drool in their soup.
CALL THE HOUSE CALL YOUR REPS VOTE NO NO NO.
Rejoice as we have learned the true meaning of a much bandied about word: “Bipartisan.” It means to further damage the nation colectively and individually, excepting for those holding elective office whose personal worth will increase dramatically. A shorter definition being “Tax and Spend.”
By allowing the 2003 tax cuts to retire, Present 0bama will be increasing the bottom rate from 10% to 15% and the 20% bracket to 25%.
Do the math :
Raising the 10% bracket to 15% represents what percentage of increase? Hint: The correct answer is NOT 5%.
Raising the 20% bracket to 25% represents what percentage of increase? Hint: The correct answer, again, is NOT 5%.
Finally, raising the 35% bracket to 39% represents what percentage of increase: Hint: The correct answer is NOT 4%.
Extra credit question: People in which tax bracket will see the largest percentage of increase in their taxes?
Extra extra credit question: People in which tax bracket will see the smallest percentage of increase in their taxes?
To those moving from the 35% to the 39% tax bracket...that’s roughly an 11% increase in taxes.
From 20% to 25%...that’s a full-blown 25% increase in taxes.
To those moving from the 10% bracket to 15%, their taxes will be increased by a whopping 50%.
So the low-income people get their taxes raised even more when seen as a percentage. And the rich folks lose a higher magnitude of money...but the percentage compared to what they already make is lower.
IOW, a benefit to the people is a “cost” to the goobermint.
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