Quote:
Originally Posted by delusianne
I know! (Joe the) Plumber Nation. I just found this (it's old) puzzling about the teabaggers' motivation -
"Obama already passed the largest middle-class tax cut in history. Yes, he's proposing increasing the top rate back to where it was when our economy was healthy, but that only means that folks with household income below a quarter-mil aren't really in a position to whine about the administration's agenda.
***
"Which brings us back to where we started: what are these people whining about again? They don't like economic recovery efforts, but the stimulus has already passed and it's a little late to rally opposition to it. They don't like budget deficits, unless they're run by Republican presidents. They don't want their taxes to go up, but Obama has already passed a significant tax cut."
The Washington Monthly |
And one thing keeps getting overlooked -- that quarter-mil is
taxable income which is what's left after all the deductions and exemptions are taken on a tax return. Most people in that income level have considerable itemized deductions, sometimes in excess of $100,000. So someone making $350,000 might not be hit by a tax increase.
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