Tuesday, June 2, 2009

Stop soaking the not-so-rich

President Obama has said he'd like to lower the tax on families making less than $250,000 and to raise it on people who make more than that. This concept is hardly new; all kinds of taxes aimed at the highest-earning Americans have been enacted in the past. But many of those provisions haven't been adjusted for inflation for decades. Today the Social Security tax is $25,000. The result: Thirty-three percent of retirees are now paying it, and 45% are expected to be doing so less than a decade from now.  Everyone wants to know when is this going to be over. I don't agree with this article because I don't see a change of low tax at all for anyone. The information was presented fairly. I would use this news source again, CNN rocks.

3 comments:

  1. GREAT ARTICLE ...I AGREE WITH DEISHNAE.. AT LEAST HE IS TRYING

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  2. You were supposed to summarize the article, not copy it. You did this on several blogs, and I didn't give you credit for any of them including this one.

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