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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (409856)8/24/2008 1:10:39 AM
From: Tenchusatsu  Read Replies (1) of 1576268
 
Z, Obama wants to lift the FICA cap on those making $250K or more, which amounts to a tax hike of 4 to 12.5 percentage points, depending on which report you believe.

That is probably the biggest tax hike on the "rich" I have ever seen in the past decade or two. It also fits with Obama's definition of "rich" that he gave at Saddleback, which is anyone making more than $250K/year.

Tenchusatsu
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