Posted by
Colorado Conservative on Tuesday, June 10, 2008 8:27:07 PM
Barack Obama either wants to hurt my family, or is so economically incompetent that he can't figure out what his tax increases "on the rich" will actually do. I make roughly $36,000 per year at my full time job. My wife makes roughly the same amount as an elementary school teacher. We just had a baby boy, who's pushing four months old. I work for a small business who's owner lands in the top income personal income bracket because of the earnings of the business. He uses the business income to fund inventory, pay for benefits, and grow the business.
Obama wants to raise his federal income tax and additional 4% if he gets into office. Let's do the math:
Assuming my boss makes the minimum income to be considered in the top bracket ($200,000), an additional 4% added to his federal tax would amount to $8000. I gross $36,000 a year on average. Assuming I work 2000 hours a year (50 weeks X 40 hours), I make $18 per hour. There are two ways to look at this:
One-
$8000 at $18/hour is roughly 444 hours, or 11 weeks of my pay. In other words, the money Obama wants to take away from my employer allow my employer to pay me for 11 weeks worth of work or 22% of my working year (providing 22% of my pay, of course).
Two-
To make up for the additional money Obama wants to take from my employer, my employer could reduce my pay to $14 an hour instead of $18 an hour.
I have questions for Barack Obama: What did my wife, my little boy, or I ever do to you? Are we not working hard enough? Do you think you could possibly get my vote with your old-school, class warfare, punishment-based pandering? I may not have gone to Harvard, but I did learn plenty of common sense.