obama care chart
Under Obama care, will our income tax rates be the highest in the world?
http://online.wsj.com/article/SB124779717982855785.html
There is a chart you can look at in this article.
The average U.S. top combined state-federal marginal tax rate would hit about 52%. This would be higher than in all but three (Denmark, Sweden, Belgium) of the 30 countries measured by the OECD. According to the nearby table compiled by the Heritage Foundation, taxpayers in at least five U.S. states would pay higher marginal rates even than Sweden. South Korea, which Democrats worry is stealing American jobs, would be able to grab even more as its highest rate is a far more competitive 38.5%.
So for ever $1 you make, $0.52 goes to the government. What is the point of working?
profcxs3… Yes I work and I would be considered “rich” even though I drive a car with over 160,000 miles on it because I can’t afford a new one due to child support and mortgage obligations.
I paid over $20K in federal taxes last year. I paid about $7K to the State of Ohio.
He lowered taxes for 95% of the people! This Kool-Aid is yummy! I especially enjoy the grape flavor.
Do these Kool-Aid drinkers realize that we’re talking about the top rate, not the rate at which 95% of us our paying? The top 5% of wage earners are paying the almost ALL of the taxes. THEY are the ones that start businesses and employ people.
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