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Obama's "tax the rich" numbers don't add up!

 
Anonymous Coward
User ID: 26883360
United States
11/10/2012 02:08 PM
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Obama's "tax the rich" numbers don't add up!
So, Obongo's "tax the rich" scheme is going to solve our debt problem eh?

Have a look at these numbers.....

Current Annual Deficit: 1.3 Trillion

Current income tax revenue: $1.1 Trillion

Income taxes paid by those earning $250,000 +: $500 Billion

Extra taxes to collected by Obongo's proposal: $50 Billion

Assuming no adverse impact on the economy (which could cause LESS revenue)....and assuming every penny of the new revenue goes towards deficit reduction instead of new spending(ROFL if you believe that!!!!)....then....

Our 1.3 trillion dollar annual deficit becomes a (drum roll please....) a 1.25 trillion dollar deficit.....

THEN WHAT????!!!!!!!

This scheme may go over well with the envious loser who worship Obongo.....but the math simply does not add up!
Anonymous Coward (OP)
User ID: 26883360
United States
11/10/2012 02:09 PM
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Re: Obama's "tax the rich" numbers don't add up!
Obongo's math!
MC Sqiggily D

User ID: 20906040
United States
11/10/2012 02:11 PM
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Re: Obama's "tax the rich" numbers don't add up!
Stick a fork in US, we are done.
Anonymous Coward
User ID: 9117916
Germany
11/10/2012 02:14 PM
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Re: Obama's "tax the rich" numbers don't add up!
Well its just matter of time the "Rich" will be poor as the other people as only those people that help to build the NWO will be at the lower section of the Illuminati.

I hope the Rich people did well with their money because its almost over. That's happen when you are a ignorant these days.

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