In honor of the many Americans who tomorrow will take part in Tax Day "tea parties" to protest President Obama's draconian, socialist, wealth-redistributing policies, I humbly present some statistics:
Tax rate on income above $250,000 a year from now once Obama's budget allows the previously scheduled expiration of President Bush's tax cuts: 39%.
Tax rate on income above $250,000 for this year: 36%
Tax rate on income above $250,000 in 1993: 39%.
Tax rate on income above $250,000 in 1988, following the two terms of Saint Ronnie: 57.2%
To re-cap: Obama's budget would - a year from now - let Bush's tax cuts for the wealthiest 5% of Americans expire when they were supposed to anyway, at which point their tax rate will revert to what it was at the beginning of the largest expansion of the American economy in history, which is almost 20 points less than those same wealthy people paid under their favorite president.
So, those of you who are crying ala Glenn Beck about how Obama's policies are going to destroy our fragile republic, you have two choices: educate yourself, or f*ck the hell off.
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