“You know that it would be untrue
You know that I would be a liar
If I was to say to you
Girl, we couldn't get much higher”
I realize that it has probably, actually been many years since Senator Barack Obama has freebased. However, I get the feeling that he must have heard the song and is taking Jim’s words to heart.
The Obama-Biden campaign is repeatedly repeating that there will be no tax increases for people making less than $250,000. (I often wonder how inflation would affect that.) Despite not having anything in either Senator’s legislative pasts that suggest they are sincere in such statements – for neither have ever voted for an income tax deduction – that claim is the official stance of their campaign. Whether or not they would raise income taxes below $250 is not my question for this post though.
What I would like to know is, “What do they think the highest tax bracket should be?”
Is fifty percent too high? Is ninety percent?
If either ever considered giving an answer, it would not be “straight.” It would likely be as follows, “There are many considerations that must be made and that cannot be answered by a simple statement.”
My reply to that of course is, “Then give me a complex statement. I am somewhat intelligent. I can understand it.”
Of course, they have no response.
They would like to tax close to one hundred percent. Anyone in disagreement can expect to be liquidated.
How high is their “ideal” top bracket? What tax brackets do they support?
Here are a few questions for Senator Obama:
“With your tax plan, how much would someone have to make to afford a fifteen-year mortgage on a $1,650,000 house? How much would they have to make if they wanted to purchase $104,500 in land in addition to it?”