All Americans Lose If Payroll-Tax Cut Isn’t Renewed: Ron Klain
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Nov. 29 (Bloomberg) -- Suppose you are an unmarried doctor,making $175,000 a year. Or a store manager married to a Realtor,earning a combined $160,000. Or a journalist married to alawyer, each making $90,000. Or the owner of a small businesswho takes home $120,000.
If you are lucky enough to be one of these higher-earning,working taxpayers, the chances are that you believe PresidentBarack Obama wants to raise your taxes. You have probably read alot about his plan to increase the burden on individuals makingmore than $200,000 and joint-filers bringing in more than$250,000, and you probably think you will take a hit, too.