If you make over $50,000 that is, according to Barack Obama. This is really making the rounds, and bears repeating. Over and over and over again.
Yep, you gotta love how politicians split hairs don’t you? The “one” says he won’t raise your taxes unless you make $250,000+. What he isn’t saying is that by eliminating the Bush tax cuts that were “for the rich”, he is increasing taxes on people making at least $50,000. Here it is:
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2000 Tax Tables
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2003 Tax Tables
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2004 Tax Tables
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2010 Tax Tables – (Bush Tax Cuts have Expired)
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Increase with Obama Tax Increase*
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Taxable Income
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$50,000
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$50,000
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$50,000
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$50,000
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$50,000
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Tax: Single
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$10,581
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$9,304
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$9,231
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$10,581
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$1,350
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Tax: Married - Filing Joint
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$8,293
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$6,796
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$6,781
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$8,293
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$1,512
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Tax: Married – Filing Separate
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$11,143
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$9,304
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$9,231
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$11,143
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$1,912
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Tax: Head of Household
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$9,424
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$8,189
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$8,094
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$9,424
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$1,330
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So how is that? You were probably rich and didn’t even know! Welcome to the club! Speaking of taxes, you might do yourself a favor and check out The FairTax Book
Thanks to American Thinker for the table.
October 28th, 2008 at 3:05 pm
Nice Site layout for your blog. I am looking forward to reading more from you.
Tom Humes
October 28th, 2008 at 9:01 pm
Thank you for stopping by Tom!