Saturday, March 5, 2011

Obama's Huge Tax Increase on the Poor In 2011

Barack Obama and his band of thieves, the Democratic party has gone after the poorest of the poorest with a huge tax increase in 2011. All you have to do is look at page 42 of this tax table booklet:

2011 Tax Tables, see page 42

and compare that tax table to page 45 at this link to a 2010 tax table booklet:

2010 Tax tables, see page 45

And you will see a huge tax increase on those with the lowest income. There are many new tax brackets and much larger taxes against those within those tax brackets.

For example: If an employee is Single and earns $230 over a two week period, no taxes are withheld in 2010. In 2011, taxes are withheld if the employee earns only a $100. And those that made $240 in 2011 have 16 TIMES the amount of taxes withheld compared to 2010.

1 comment:

Mike H. said...

I got bit and I pulled in 11,000. Oh well, 2012.