Dave (courier_iii) wrote,
Dave
courier_iii

A Very Interesting URL.....,

The link is courtesy of my daughter.

http://online.wsj.com/article_email/SB122385651698727257-lMyQjAxMDI4MjEzMzgxNTM2Wj.html

The gist of it is that under Mr Obama's plan, Taxes DO go up, and are then offset by tax credits….
….. if you happen to qualify for the credits.
When your income goes past the cutoff, your effective tax rate on the new income can be as much as 40% for losing the credit - far more then the typical graduated income tax, and higher then the current maximum tax rate.

It may not make a good argument for voting for Mr. McCain, but it does make a substantial argument for thinking twice before voting for Mr. Obama.
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