The Coming ObamaTax Bomb
http://www.freerepublic.com/focus/f-news/2901170/posts
By allowing the 2003 tax cuts to retire, President Obama will be increasing the bottom rate from 10% to 15% ... more math here:
Raising the 10% bracket to 15% represents what percentage of increase? Hint: The correct answer is NOT 5%.
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.
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.
Obamacare: Seven New Taxes on Citizens Earning Less than $250,000
http://www.freerepublic.com/focus/f-news/2901411/posts
What they comprehend is: 1. It is Bush's fault. 2.They all do it. 3. Democrats are for the little guy. Republicansare for the rich.
Past that --forget it.
One last one sometimes they will hit you with: "I get money back when I pay taxes."