Urbin Report

Wednesday, October 29, 2008

Hold on to your wallets

The "official" Obama line was that he was going to "cut taxes" for 95% of working Americans. Even the 40% who don't pay any federal income tax! His Trillion dollars plus of new spending was going to come from taxing only those who made over $250,000 a year.

Hmmm...I don't think the math on that ones adds up.

It seems that someone in the Obama campaign has figured out how to use a calculator, since as TigerHawk points out, the income level of those who are going to pay for the Obama plans of a Socialist America keeps dropping. Joe Biden is now saying it's $150,000. When the Trillion plus dollars starts getting spent, it's going to drop to everyone who earns a legal paycheck.