Obama's Social Security Fine Print
"Would it help Social Security's financing problems?
Mr. Obama has no idea. One of his senior economic advisers admitted to me that no one on the campaign has run any detailed models or performed any rigorous analysis. When one proposes an enormous tax increase, shouldn't there at least be a spreadsheet somewhere?
But the most alarming thing about Mr. Obama's proposal is that the $250,000 threshold, above which the payroll tax would be applied, refers to household income, not individual income. So it's quite deceptive when he claims that the $250,000 threshold will 'ensure that lifting the payroll tax cap does not ensnare any middle class Americans.'"
B Hussein's scheme will put the top tax bracket at over 60% and could easily affect as many as 20% of taxpayers!!!!!
And remember. The ObamaFeds are taking the moolah from folks who earned the money and then the Husseiniacs will give it to their friends in big government!
http://en.wikipedia.org/wiki/Personal_income_in_the_United_States
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