CNN's Lying Tax Statistics

[Doe Eyes]

Self employed making approx $100,000 a year - 35% federal

More like 20 - 25%.

[unspun]

Do they take into consideration the affects of Obama’s tax hikes to businesses large and small? (Reduced wages, fewer jobs, higher prices.)

What about capital gains taxes?

What about the death tax?

What about energy taxes?

[underbyte]

“”More like 20 - 25%””

Well I make some over that but as a general estimate so I am a little luckier than some of my neighbors.

My main point was that disposable income is disappearing and many I know fit this scenario

I am self employed in ct.

%5 income tax
6% sales tax on any disposable income
$6,000 Property tax (6%) of hypothetical income
15% SS

%50 total tax is a reasonable estimate

in addition

I pay $14,000 a year on modest medical insurance policy for a family of 3

add in a mortgage 30%

Local school has lost it’s accreditation and my daughter is in a local private school @ $5,000 a year

Electrical bills have doubled as well as heating oil

car payment? gas etc.

with no wage inflation I think the picture could not be grimmer for many.

for most there is no more blood to get out the rock, it’s dry. This is why the democrats/Obama are going after the upper middle class IMHO.

The coming inflation after these bail outs is going to put many decent people under.

I want to spit when the pundits blame the 95% of the middle class who paid their bills and taxes for being reckless on their debt many are just trying to stay afloat and now have to pay the excesses of wall street while they reap the profits.

Time for a ten million angry man march on Washington