Ha, yeah to to exact, Obama wanna increase tax on those making $250k+, which is about the top 1.5%. But 98.5% vs 1.5% isn't as catchy or sound as nice as 99% vs 1%. You know Obama and his Hope and Change, he gotta have a catchy simple line so his disciples can follow.
If you have decent degree, good experience and career track, making $250k in a dual income family isn't atypical. I have my ms engineering and MBA with 10+ years consulting experience and my wife top 5 MBA with 10+ experience in corporate finance easily make that. Most our friends with dual income and similar background, easily make that. My engineering friends living in Silicon Valley, dual income easily make that. None of us do any lobbying, or do anything special other than going to work, come home to our family like the rest of American.
You know how it is, those fvcking politicians run the country to the ground and they gotta find someone to blame. They gotta have their catchy phrase to get their mob to follow. Now Obama got his mob with no idea exactly what they are doing, no agenda, no plan, just bunch of finger pointing at the easy picking 1%.
And if your taxes went up by 5% of the earnings over $250K, it'd break your balls off, right?
Make no mistake, that's what we're really talking about, that's what the President has proposed. You'd still be paying far less than any other first world family in your income bracket.