The bottom line of Obama's tax increase will be devastating for so many New Yorkers whose income seems large but whose living expenses in the city are very large. New York city's economy will be very hard hit. It is a fact to consider when voting.
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Folks, solving the deficit has nothing to do with increasing taxes and everything to do with decreased frivolous Government spending,... [MORE]
David
Sep 3, 2008 17:52
The bottom line of Obama's tax increase will be devastating for so many New Yorkers whose income seems large but...
Messine
Aug 19, 2008 14:12
My cousin's husband is a great house dad. She makes more $, and with their second child, they realized having... [MORE]
Equality
Aug 19, 2008 08:25
Obama just doesn't get it. Higher taxes never bring in the expected revenue. [MORE]
JimB
Aug 18, 2008 20:24
Scott – you are missing something the number is 35% not 39.6%. From 35% to 43.6% is a 24% increase.... [MORE]
Robert Masters
Aug 18, 2008 17:04
Am I missing something? Increasing the tax rate from 39.6% to 43.6% sounds like about a 10% increase to me,... [MORE]
Scott Baker
Aug 18, 2008 14:37
While Sean's comment (that we shouldn't confuse marginal tax rates with effective tax rates) is generally accurate, it is only... [MORE]
Brad
Aug 18, 2008 12:45
As a rule, the more you tax something, the less of it you get. The more their income is taxed,... [MORE]
JRS
Aug 18, 2008 12:23
First, you shouldn't quote marginal rates as if that's what these people would be paying — "Oh my God, over... [MORE]
Sean
Aug 18, 2008 02:51
This is crazy. So people making $357,000 a year will see a tax increase. So what? Obama just says that... [MORE]