RNC AD: Obama’s Taxing Rhetoric

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One Response to “RNC AD: Obama’s Taxing Rhetoric”

  1. Mike Says:

    Just went to Obama’s web site, TaxCutFacts.com to try out his tax calculator. Added some figures and this was my findings.

    Combined income (Joint Return): $125,000 (tax cut $0.00)
    One income (head-of-household): $75,000 (tax cut $500)
    Wife’s income: $50,000 (tax cut $500)

    It seems using his own calculator that no one would every use the JOINT filing. To balance the scale he would have to raise taxes on the lower incomes to offset this difference.

    Also looks as if there’s a tax on $125,000, wouldn’t you say?

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