If Obama raises personal income taxes to 636%, will he be able to balance the budget?
It seems possible. It will also retroactively spread the wealth around.
Public Comments
- No. Question for you: how much more will a person with taxable income of $300,000 pay under Obama than Bush? Go for it, you can do it. EDIT: Still waiting for an A to my Q?
- Yes, that percentage would balance the budget, but his goal is really only 100%.
- If Obama has his way there will be no personal income to tax. It's gonna dawn on people how much Obama suffers from mental arrest.
- No matter how much he raises taxes it won't help to balance the budget. It'll just give Nancy and Harry more money to spend.
- Do you even realize that the highest tax bracket right now is significantly lower than it was under Reagan?
- What budget?
- better yet, why dont we lower the tax to 0%, like the GOP wants. Then we can pay off the debt.
- Shhhhhhhhhhhhh! Don't give them any ideas!
- 636%? Wow. Don't give him any ideas. Very few of us could pay in taxes over 6 times what we make. Make $100K pay $636K in taxes. Yep. That sounds like an Obama Administration.
- I want my 13 dollars a week.
- There would not be any income to tax. What's the point of earning money if the government id going to take it? Everyone would quit working.
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