Obamanomics - The $250,000 foor to call people rich is not low enough
About: barack obama's expensive domestic agenda will cost america's middle class - wsj.com
source: ...
... ; as a thought experiment, let's go all the way. A tax policy that confiscated 100% of the taxable income of everyone in America earning over $500,000 in 2006 would only have given Congress an extra $1.3 trillion in revenue. That's less than half the 2006 federal budget of $2.7 trillion and looks tiny compared to the more than $4 trillion Congress will spend in fiscal 2010. Even taking every taxable "dime" of everyone earning more than $75,000 in 2006 would have barely yielded enough to cover that $4 trillion.
...
The numbers are just not there!
Tags
- obamanomics
- tax the rich
Comments
Mark de LA says
TEA PARTIES! 
| WorldNetDaily 'Tea parties' denounce spending trillions  'We don't have it. It seems like there's no end' --WND |
| WND FORUMS WorldNetDaily Exclusive Here's the online source for tea party plans New page lets those concerned about spending plan exchange information --WND |
| WorldNetDaily Senator echoes tea party rally cry 'People have to show that they're not going to take it anymore' --WND |
| WND POLL Patriotic brew What do you think of the explosion of 'tea parties' around the country? --WND |
Mark de LA says
Hyperpartisan name-calling. Go to Communist China or Russia if you want one-party rule. This country was founded by people who were outraged by taxation without representation demonstrated to King George by the Boston Tea Party!
Hyperpartisan name-calling. Go to Communist China or Russia if you want one-party rule. This country was founded by people who were outraged by taxation without representation demonstrated to King George by the Boston Tea Party!
See Also
- Thought The Amazing National Debt Real Time Clock with 40 viewings related by tag "obamanomics".
- Thought Magical Mystery Tour with 7 viewings related by tag "obamanomics".
- Thought Gross UP! with 6 viewings related by tag "obamanomics".
- Thought At The Grave with 5 viewings related by tag "obamanomics".
- Thought Obama Lied; The Economy Died with 5 viewings related by tag "obamanomics".
- Thought The Lipstick on a Pig Joke Returns! with 5 viewings related by tag "obamanomics".
- Thought U.S. Eclipse with 5 viewings related by tag "obamanomics".
- Thought For the Privilege of Being Robbed by Geithner .... with 4 viewings related by tag "tax the rich".
- Thought Who is Selling Your Freedom? with 3 viewings related by tag "obamanomics".
- Thought 1.47 TRILLION and RISING! with 2 viewings related by tag "obamanomics".
- Thought What IF the USA Goes bankrupt? with 2 viewings related by tag "obamanomics".
- Thought Obamanomics - The Budget with 0 viewings related by tag "obamanomics".
- Thought How is this a Recovery? with 0 viewings related by tag "obamanomics".
- Thought The First 100 Days ..... with 0 viewings related by tag "obamanomics".
- Thought Crisis Over (or NOT) ? with 0 viewings related by tag "obamanomics".
- Thought Insider Trading ? with 0 viewings related by tag "obamanomics".
- Thought Rewarding Incompetence with 0 viewings related by tag "obamanomics".
- Thought Crony Capitalism & Obamanomics with 0 viewings related by tag "obamanomics".
- Thought Preview of Obama & the State of the Union with 0 viewings related by tag "obamanomics".
- Thought The Mind of Obama with 0 viewings related by tag "tax the rich".
- Thought Obamanomics - (Small Business Beware!) with 0 viewings related by tag "obamanomics".
- Thought The Wizzard of Id illustrates Obamanomics with 0 viewings related by tag "obamanomics".
- Thought The Obama Economic Dream with 0 viewings related by tag "obamanomics".