August 27, 2008


Wall Street Journal artical

Obama is suppose to propose a middle class tax cut. Pretty much what Clinton promised (then didnt deliver first term). He's going to end the ceiling on FICA taxes

The thought was he was going to bring income tax rate back up to what Clinton has, 39.6%."

So if Obama gets his way, you could see a combined federal tax rate of 55%.

Add in your federal income tax and Social Security and Medicare, your paying 55 to 60%

So, if you think that certain people should pay more in taxes you would be very happy.

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