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Roy323 Wrote: Sep 05, 2012 7:47 PM
RonC-Thank U for that observation! Two Family members fall into that category being described and both have said it's probably a no-win situation. And while I have never made that kind of money, I do visit them in Fairfax Co, Va from time to time and I can say for certain that 250K won't make you rich anytime soon in that neck-of-the-woods.
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We have heard many times from President Barack Obama how he plans to raise taxes on "millionaires and billionaires," but not on the middle class. Apparently, if you don't happen to be a millionaire or billionaire, you don't have to worry.
But the numbers say otherwise -- and say so big time.
The actual tax increase plans being proposed by Obama do not start with people who have an income of a million dollars a year. They start with people with incomes of $250,000 and up.
That is more than most people make, but it...
'Bait and Switch' Taxes