[keepitreal]

FICA: 88,200 x 7.65% = 6747
Federal Income Tax: 68,200 x 25% (figuring deductions of 20K) = 17,050
State Income Tax in a “cheap” state: 68,200 x 5% = 3,410
Obamacare premium for family: 15,000
Total burden on a middle class family: 42,207

Leaving $3,833 per month to pay the mortgage, buy the groceries, save for retirement, save for college, pay the utilities, buy clothing for the kids, buy a car, etc.

Middle class livin’ large in Obamaland.

[ETCM]

"FICA: 88,200 x 7.65% = 6747 Federal Income Tax: 68,200 x 25% (figuring deductions of 20K) = 17,050 State Income Tax in a “cheap” state: 68,200 x 5% = 3,410 Obamacare premium for family: 15,000 Total burden on a middle class family: 42,207

Leaving $3,833 per month to pay the mortgage, buy the groceries, save for retirement, save for college, pay the utilities, buy clothing for the kids, buy a car, etc.

Middle class livin’ large in Obamaland."

Not to mention State Income Tax, Property Tax, Sales Tax, Car Tax (registration) and whatever else they think up.

[Orange1998]

Don’t forget Obamas 20% rise in passive income tax.