Here’s the breakdown on taxing the rich, the Obama Plan.
72 million are what are called “Mega Rich” those that make $10 million a year or more or $720 million
About 315,000 make $1 million to $10 million a year or averaged at $1.5 trillion
Approximately; 4 million make $200,000 to $1 million a year or $400,000,000 a year at the most.
All of this money confiscated together would add up to less than $2 trillion, the deficit is $14 trillion and that all depends on how much we spend each year on our budget and Obama is getting dangerously close to that $4 trillion a year figure, we’ll never catch up
This equates to a family of 4 making $46,000 a year and spending $78,000 a year. How are they going to pay that credit card bill of $32,000?
Does Obama think that he can take all of the money from the rich and give it to the poor?
This was tried a few times in history, it was called communism and it failed everywhere it has been tried.
Why is he hell-bent on taking us there?
What this plan represents is that 5 million Americans pay for the other 330 million.
Does this sound fair?
How many poor people gave you a job?