How much do you think President Obama's tax increase on those with income over $250,000 will cost a family making 10 times as much as the median family income of $51,413?

by Roger47 Posted 2012/07/11 20:54:05

Related Topics: Obama, Family, President Obama, Families, Tax Deduction, US, taxes, Tax, President, Deduction, Income

8 votes
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	$0.00
	under $5,000
	$5,000-$10,000
	$10,000-$15,000
	$15,000-$20,000
	$20,000-$30,000
	$30,000-$50,000
	$50,000-$100,000
	Over $100,000

Loading Demographics... Click an icon to see demographic results Display unknown and private
	$0.00	1 vote	13%
	under $5,000	2 votes	25%
	$5,000-$10,000	1 vote	13%
	$10,000-$15,000	1 vote	13%
	$15,000-$20,000	1 vote	13%
	$20,000-$30,000	0 votes	0%
	$30,000-$50,000	1 vote	13%
	$50,000-$100,000	1 vote	13%
	Over $100,000	0 votes	0%

The median family income in the US is $51,413. That means half of all families in the US make more than that, and half make less than that. Assuming that a family has no tax deductions at all and makes 10 times that amount, how much more in taxes do you think they would have to pay if the tax increase on incomes above $250,000 becomes law?
Their income would be $514,130.00.
How much MORE in taxes will they have to pay?

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