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Will Obama Pay His $250,000 in "Back Taxes"?

Discussion in 'Uncategorized Threads' started by JBrooks, Oct 27, 2008.

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  1. JBrooks

    JBrooks TS Member

    Joined:
    Nov 6, 2006
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    Will Obama Pay His $250,000 in

    "Guess what...If Barack Obama's tax hike had been in place since 2001, he would have paid over $250,000 more in income taxes than he actually did. This assumes that the 33% bracket stayed at 36%, and that the 35% bracket stayed at 39.6%."

    Here's the breakdown:

    2001 - $420

    2002 - $585

    2003 - $910

    2004 - $0

    2005 - $60,257

    2006 - $27,002

    2007 - $161,555

    Total Tax Gap - $250,727

    Americans for Tax Reform today challenged Senator Barack Obama (D-Ill.) to put his money where his mouth is and pay up on his “tax gap.” Specifically, if Obama’s tax-increase policies had been in place since 2001, he would have paid $250,727.70 in additional income taxes.


    This does not even count the additional Social Security payroll taxes he would have had to pay under his tax-increase plan."

    So, let's see if this "Rich" guy believes his own BS?
     
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