Breadcrumbs
Home / Coming Blue State Collapse?Coming Blue State Collapse?
Last Updated on Friday, 27 February 2009 01:58 Written by rslcpol Friday, 27 February 2009 01:58
From Edgelings:
Here’s a quick and dirty guess: Upper-middle-class families in blue states–those President Obama calls “the rich”–will soon be paying 20% more a year in state and federal taxes. If you pay $100,000 off
of a $300,000 income now, look for $120,000 in a couple of years.Federal income taxes are going up, and deductions are going down. That much we know. What we don’t know yet–but I would bet money on it–is if the 7.65% Social Security and Medicare tax ceiling will be
lifted from $102,000 to $150,000 or so.
This entry was posted on Friday, February 27th, 2009 at 1:58 pm and is filed under State Legislature News.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.