Obama's brave new world of taxes. - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

ERCougar · 07-04-2008, 08:35 AM

So, in reflecting on Obama's crazy tax policy, I just realized that between the lifting of the SS tax cap (I'm sure there will not be an accompanying SS benefits raise) and the 6% income tax raise, he will be raising my marginal tax rate by nearly 20%.

So let's do the math...
Taxes 60%
Tithing 10%
Savings 20%

Leaving a whopping 10% to live on. Sure gets me excited about working.

07-04-2008, 08:35 AM	#1
ERCougar Senior Member Join Date: Oct 2007 Posts: 1,589	Obama's brave new world of taxes. So, in reflecting on Obama's crazy tax policy, I just realized that between the lifting of the SS tax cap (I'm sure there will not be an accompanying SS benefits raise) and the 6% income tax raise, he will be raising my marginal tax rate by nearly 20%. So let's do the math... Taxes 60% Tithing 10% Savings 20% Leaving a whopping 10% to live on. Sure gets me excited about working.