The official President Obama thread

[CrashMan]

Let me just point out a few things:

Aside from the fact that that's NNOT what he wants to do, IF Obama wanted to tax everone making 150000 40% of their TOTAL income he would have to:

a.) Get rid of the progressive tax rate

and

b.) Eliminate all deductions for people making that much money

niether of which he wants to do.

Second the Largest tax increase in history was under Hoover who increased the Tax rate 35% for the upper tax brackets. You think people making 150000 pay 4% tax?

Please become informed before speaking and claiming things as facts.

Looking for the actual change in tax brackets uunder both plans now, can't find it anymore :(