How Much Will Income Tax Rates Go Up Between 2010 and 2012?

We have all been promised that people that makepay more too? That's an interesting comment,
under $250,000 a year would not see a taxhowever you must understand that people who
increase during the Obama administration. Ofare extremely wealthy have many other chances
course, that promise is highly unlikely to hold.to deduct various investment incentives, and take
Especially considering the huge amount of moneyadvantage of loopholes.
that has already been spent, and the upcomingFor those people who believe that the income
costs related to the ObamaCare healthcaretaxes will not increase between 2010 and 2012,
insurance program.they are kidding themselves and if you ask any
So, one can expect that in 2010 we will see aneconomist they will tell you that there is no way
income tax increase, and by 2012 we will probablythe government can continue to spend if they
see a total of 10% to 20% increase betweendon't raise our taxes.
those years. Will the poor people also have to payOur taxes will be raised no matter what anyone
more income tax? Generally speaking, poor peopletells you from any particular political persuasion. If
don't pay any income taxes as it is, it's the restour nation follows the same strategies of the
of us that pay.socialist nations of Europe we should expect to
The poor people tend to use the most servicespay similar percentages and taxes over time, and
and those services are paid by people who havethat's basically the way it's going to work,
jobs and work for a living, as they are the onesremember this is the real world. Please consider all
paying the income tax. Will the rich people have tothis.