We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are

Life, Liberty and the pursuit of Happiness.

That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,

Friday, October 31, 2008

Wake Up America! There is no Obama Tax Cut Coming Your Way

I painfully went through the details of the Obama Tax Plan, what I found in the document is very different than what he's been saying, starting with the fact that the top 5% of all income earners start at $166,000, not $250,000 (all tax rates listed and statistics were found at WWW.IRS.Gov).

Bottom line, families making $64,000 (the middle class?) will see there tax rate double after Obama lets the 2003 "Tax Cuts for the Wealthy" expire.

I did my best to make the numbers clear, but I suggest you check for yourself if it really matters.

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