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.

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Written by smalltalkwitht

July 9, 2008 at 6:20 pm

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