will CRUSH us.
And here's why:
We are considered "rich". (We make over $50,000.00).
Social Security will no longer be capped. So we will now be supporting others who aren't putting anything into it.
Our income will be taxed an extra 5%.
All of his tax incentives don't include us...we make too much money. So, if he becomes president and they pass his economic policies, our take home income will decrease by nearly $10,000.00.
The Wall Street Journal’s Steve Moore has done the math on Obama’s tax plan. HeWe live in a very expensive part of the country. Our cost of living is high, and we have salaries that are commensurate with this area. We worked very hard to get to where we are today. We started with very low salaries and worked our way up. We are NOT the "large corporation" or "the very wealthy". So why are we going to get penalized???
says it will add up to a 39.6 percent personal income tax, a 52.2 percent
combined income and payroll tax, a 28 percent capital-gains tax, a 39.6 percent
dividends tax, and a 55 percent estate tax.