The political knifes are drawn

[skysidhe]

spex

Here is a simple google search. Take it for what it's worth. If you don't like what it says, maybe you can find something to the contrary.

http://libertyworks.com/will-a-tax-h...an-fewer-jobs/

Fortunately, the IRS has data to answer these questions. As the charts show more than two million taxpayers who earned over $200,000 were small business owners, and they earned 63% of all small business profits.

http://www.dispatch.com/live/content...owth-jobs.html

The facts bear this out. According to the Treasury Department, 8 percent of small businesses earn enough to pay at the top two income-tax rates, but those businesses earn 72 percent of all small-business income. They also pay 82 percent of all income taxes paid by small businesses.

Also, I am a democrat. I voted for Clinton. The unemployment rate at the time was about half it is now. The country was able to afford higher taxes.

As far as individuals go. This is the tax burden people have to look forward to in a shaky economic climate.

According to calculations at mytaxburden.org, created by the Tax Foundation, a nonpartisan tax research group based in Washington, D.C.:
n A single person making $50,000 will pay $605 more in taxes.
n A couple making $50,000 with two minor children will pay $2,143 more in taxes.
n A single person making $100,000 will pay $2,105 more in taxes.
n A couple making $100,000 with two minor children will pay $4,010 more in taxes.
n A single person making $250,000 will pay $7,484 more in taxes.
n A couple making $250,000 with two minor children will pay $6,254 more in taxes.

In January, If the person making 50,000 is paying $605 more in taxes, it isn't hard to assume they will be spending less.

What's striking is the couple who make $50,000 will pay $2,105 more in taxes.