Wednesday, April 17, 2013

Triple your income? Pay 10 TIMES as much toward national defense and food stamps, but Obama tax-day 'receipt' website makes it nearly impossible to find out

Triple your income? Pay 10 TIMES as much toward national defense and food stamps, but Obama tax-day 'receipt' website makes it nearly impossible to find out | Mail Online:
"Triple your income?
Pay 10 TIMES as much toward national defense and food stamps, but Obama tax-day 'receipt' website makes it nearly impossible to find out
Examples provided for $25k-$80k earners, but not for wealthy taxpayers
White House won't comment on failure to show massive tax burden of the 'one percent'
Watchdog says administration is hiding entitlement spending to make the Defense budget look bigger"

The calculator makes it easy to see numbers associated with its $80,000 example, along with four others ranging in income down to $25,000.
But no examples are provided for upper-income earners, despite the President's frequent argument for a 'Buffett Rule' tax that would ensure Americans who make $1 million or more would pay at least 30 percent of their income to the federal government.
While taxpayers who make more than $80,000 per year can consult their own tax returns for the numbers required to operate the calculator, lower-income earners would need to know how to use several online tools in order to estimate those numbers for someone who earns dramatically more than they do.

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