At the current rate of decline in Barack Obama’s definition of “the rich," by June 2009, anyone earning more than $20,136 a year will get a tax increase. Since July 2008, Obama’s definition of rich has been declining at rate of 20 percent per month. Simple extrapolation shows that even minimum wage earners will face a tax increase by the time any legislation can be enacted in June 2009.
Obama’s Slippery Rich Slope
Obama’s Slippery Rich Slope
Obama’s Slippery Rich Slope
At the current rate of decline in Barack Obama’s definition of “the rich," by June 2009, anyone earning more than $20,136 a year will get a tax increase. Since July 2008, Obama’s definition of rich has been declining at rate of 20 percent per month. Simple extrapolation shows that even minimum wage earners will face a tax increase by the time any legislation can be enacted in June 2009.