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Dimitri Dimitri is offline
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Default Tipping the "Obamanomics" Way...


"Paul M. Cook" > wrote in message
...
>
>> Anyways, I think this was a pretty good demonstration of "Obamanomics" in
>> action...I'm a big believer in "putting one's money where one's mouth is"
>> and all that jazz...

>
>
> Here's a better one per the Tax Policy Center. This is how Obama's tax
> plan breaks down for individuals:
>
> $0-$18,891 = $567 tax cut
> $18,982-$37,595 = $892 tax cut
> $37,596-$66,354 = $1,118 tax cut
> $66,355-$111,645 = $1,264 tax cut
> $111,646-$160,972 = $2,135 tax cut
> $160,973-$226,918 = $2,796 tax cut
> $226,919-$603,402 = $121 tax increase
> $603,403-$2.87 million = $93,709 tax increase
> $2.87 million-plus = $542,882 tax increase
>
> Joe the plumber would see his taxes go down and his business receive tax
> breaks and deductions to more than offset any additional taxes possibly
> incurred. Dutoi the rip-off artist running a restaurant charging 60 bucks
> for dinner for two for Chinese food. With the money he gets bck Greg
> could buy a lot of BJs.
>
> Paul



There's only one problem.

The President doesn't have the power to TAX.

Only the congress has the power.

Ergo as per Penn & Teller

BULL SHIT!

Dimitri

Amendment XVI
(Ratified February 3, 1913)
The Congress shall have power to lay and collect taxes on incomes, from
whatever source derived, without apportionment among the several States, and
without regard to any census or enumeration.