Sma' Talk Wi' T

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Obama Should Change His Mind On Taxes

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Stephen Moore, on the Wall Street Journal Editorial Board, released the facts about who actually pays taxes.

Richest 1% of tax filers (over $364,657) pays more than 40% of the entire United States tax burden.

Top 50% of median income ($30,881 and more) tax filers account for 97% of all federal income taxes.

So when Obama says he’s going to raise taxes on the rich, that means everyone with income over $30K. The “rich” (over $364,657)include small businesses, the Mom & Pop’s, who hire in small and rural towns. If they have to pay more taxes, we will have more unemployment and our economy will decline.


Written by smalltalkwitht

July 9, 2008 at 6:20 pm

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