"Barack Obama will unveil a new tax plan today, which will propose more than $80 billion in annual tax relief for workers and seniors funded by an increase on wealthier investors. According to an AP report, Obama “wants to give 150 million working Americans a $500 tax credit, expand relief for homeowners, eliminate income taxes for seniors making less than $50,000 and simplify tax returns so millions of Americans can file in less than five minutes.”
Anyone want to guess the income level at which one transitions from a "worker" to "wealthier"? Somehow I think none of that tax relief is coming my way.
If I'm lucky, maybe they'll push my total tax burden up above 50% of my income! It's almost there already.
