On Friday the Obama campaign rolled out a tax calculator app online, in which you enter your annual income, marital status and number of dependents.
The first assumption is that the ‘real tax rate’ is the Bill Clinton rates so that they can continue the narrative that the present tax rates, the rates that have been in place for ten years continue to be characterized as the ‘Bush tax cuts’. The Democrats like to use the name ‘Bush’ because they think the whole country has the same boiling hatred for the former president as they do.
Also, characterizing the current tax rate as the ‘Bush tax cuts’ makes them an aberration from what the real rates should be, therefore cancelling them for the wealthiest Americans cannot be labeled as a tax increase. Which it is.
Let’s go to the tax calculator, shall we?
I put in married, no dependents, then started plugging in various incomes.
Has anybody heard Mitt Romney say he was going to raise taxes on the poor? Or on anybody, for that matter? I believe his position is to maintain the current rate and then eventually lower tax rates for everybody.
And how does Obama cut taxes for people who pay no taxes?
The $60,000, $90,000 and even $190,000 results in pretty much the same thing.
You see, Obama is the big tax cutter and Romney is the tax hiker.
I’ll give you a minute to stop laughing before proceeding over the arbitary $250,000 magic line in the sand where all of a sudden you’re rich and need to ‘pay your ‘fair share’.
But a funny thing happened. At that level Romney becomes a tax cutter, but Obama continues to be a tax cutter, too. What ever happened to punishing the rich?
How about $290,000, which is, you know, really, really rich?
There’s good old Obama cutting taxes on the rich again.
Lastly, let’s look at $780,000. Surely at this point the real punishment begins. I mean, come on. Couples earning that much money must be deserving of a tax hike. They’re part of the reviled 1%, aren’t they?
I guess the point we’re supposed to take away from this is that while good King Obama is benevolent enough to continue to provide tax relief for the very rich, Mitt Romney is lavishing them with tax cuts.