Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb
Obama has started a class war? Lol come on guys their has been a class war going on in America for the past 30 years and thus far it has involved the uper class kicking the working class everytime they try and get up, still waiting for that famous trickle down...
He did in fact pay on a 35% tax bracket. That only applies to income over $372,951. Everything below that you pay the tax rate that it is under. If you earn 100,000, even though that puts you under the 25% bracket (filing jointly) that isn't the exact rate you pay because not all of your 100,000 is taxed at that rate. This isn't something they only do for the president.
He paid the taxes that he was obligated to pay and if the tax rates on the wealthy are raised, he will pay those elevated taxes also.
"We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan
He is right-it is during tough times like these that the middle class (which is dying thanks to the rightwingers) are what save this damn country. Time and time again! The middle class is what keeps this damn country flowing and why you do not have riots in the streets. They along with the poor are this countrys saving grace. It is damn sure not that of those on the Hill and/or the rich.
~Following My Own Flow~
Tax Rate Single Married/Joint Married/Separate Head of Household 10% $0 $0 $0 $0 15% $8,375 $16,750 $8,375 $11,950 25% $34,000 $68,000 $34,000 $45,550 28% $82,400 $137,300 $68,650 $117,650 33% $171,850 $209,250 $104,625 $190,550 35% $373,650 $373,650 $186,825 $373,650
2011 Federal Individual Income Tax Rate Schedule - Tax Brackets for 2011