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In reply to the discussion: Obama Poised for New Fight With G.O.P. Over Tax Cuts [View all]wordpix
(18,652 posts)42. MSNBC reported that if tax cuts expire, those making $50-100K will pay nearly $5000 more in taxes/yr
As you know, on East and West Coasts this amt of income doesn't go far for a family of four or even two, especially at the lower end of the spectrum. So paying $5000 MORE will really cause middle income people to take a hit.
Meanwhile, the top 1% will only be paying 13% more, while those in the lowest income bracket will pay 50% more.
This was reported last night on, I believe, the Ed Show.
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Since neither you nor I are lobbyists for the super-rich, nor are we big campaign donors, we do not
AnotherMcIntosh
Jul 2012
#13
Maybe that was just one function. Another was to reward the wealthy contributors.
AnotherMcIntosh
Jul 2012
#8
If Obama could get his jobs package for a one-year extension, I think he should do it...
Drunken Irishman
Jul 2012
#15
MSNBC reported that if tax cuts expire, those making $50-100K will pay nearly $5000 more in taxes/yr
wordpix
Jul 2012
#42
This was brilliant. The timing is great - just as everyone gets back from the 4th of July
underpants
Jul 2012
#37