ObamaCare To Thwack Middle Class With Up To 70% Marginal Tax Rate


	ObamaCare To Thwack Middle Class With Up To 70% Marginal Tax Rate

merrie

10-19-2009 6:33 PM

106 views

tags:

0bamacare, tax increases, working middle class

merrie says:

Jim Capretta, a fellow at the Ethics and Public Policy Center, calculates that when combined with other policies like the Earned Income Tax Credit that also phase out, the effective marginal rate would rise to nearly 70% at twice the poverty level.

(HT: hot air

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10-19-2009 6:41 PM

n2sooners

That's assuming anyone in good health would bother carrying insurance at all.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color:#e5e5e5;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/3f3346d7-bd31-4490-9cbc-d389e1a1620b/9AA5190D-EE32-4200-8B54-22E42234C298/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.suitablyflip.com/suitably_flip/2009/10/obamacare.html" href="http://www.suitablyflip.com/suitably_flip/2009/10/obamacare.html" style="font-size: 11px;">www.suitablyflip.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.suitablyflip.com/suitably_flip/2009/10/obamacare.html"><P>Maybe it's worth Congress' time to <A href="http://online.wsj.com/article/SB10001424052748704322004574477401457898882.html?mod=rss_opinion_main">read the bill</A> after all.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.suitablyflip.com/suitably_flip/2009/10/obamacare.html">Think about a family of four earning $42,000 in 2016, which is
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