Quote from EMRGLOBAL:
Free Thinker?
Humm. Im starting to wonder if you'r like 80% on this site, Progressives who do not work in any facet of the Financial World.
(let anything pass except tax cuts for the rich.)
I would be willing to bet that you are not in the top tax braket, just a hunch. So, here is some news for you. If the BUSH TAX CUTS FOR THE RICH GO AWAY. Your tax rate will increase as well. 28%? How are you gona like that Change? I'm guessing your in the 15%-22% tax bracket for next year, as you make less than 100k but over 30k Nevertheless, if you make 32k, your tax will be around 28%-something like that. The more you make in the 40s there about .... 28% or more in Tax, and that is just FEDERAL.
Add in state, sales, etc and your paying almost 40% of your wages to the sumbags in Washington.
So my guess is your gona be one broke ass Progressive next year, as you have little of any choice for right offs if your W2d if they do not extend the BUSH CUTS.
So, the PROGRESSIVES would like the rich to pay more and lie to the, lower to upple middle class that they will not be paying more in tax. Remember, those who make a shit ton of money have avenues to put it to work and get right offs that middle class do not! Why do you belive that your tax rate will not increase and you drink that koolaid is beyond me.
So, you better pray that the BUSH TAX CUTS stay in place or your gona lose some serious buying power.
But I agree with you that many Republicans are just as bad as the scum bag PROGRESSIVES who have had control of congress over the last 4 years.
I'm guessing he's in the lowest bracket, which will see its taxes go up 50% when the Bush tax cuts for the rich expire.