How Many in Huntington-Belle Haven Might Feel Obama Tax Rate Increase?
President Obama wants to raise tax rates on those making $250,000 or more.
President Barack Obama hopes to raise taxes on Americans making $250,000, or approximately the upper 2 percent of incomes across the country. There are no hard and fast numbers for the Huntington-Belle Haven area on how many people make more than $250,000, but the latest IRS data available shows that more than 1,200 households in Huntington and Belle Haven's 22303, 22306 and 22307 ZIP codes filed tax returns showing adjusted gross incomes of more than $200,000, the highest level income category reported by the IRS. Obama's plan could raise $1.6 trillion in revenue over 10 years, partly by letting decade-old tax cuts on the country's highest earners expire at the end of the year, according to a report by the Associated Press. The president …
Patrick
4:19 pm on Monday, December 10, 2012
The 2 posts above got it right on! Who voted for Obama? jeeezuz. If you want to learn what is really going on with America and it's economy and treason leaders. Listen to 105.9 during the weekday or even listen to them online at www.wmal.com more ›