This coming election day will be a great turning point for at least one group of people, this blog post will be talking about one of those groups. The group that I am talking about is the middle to lower class. According to American Fact Finder, about 60% of all households in America earn between $10,000 to $75,000 a year on average. According to The Washington Post, Obama plans to raise the bracket for high end earners in the United States, making anyone earning $250,000 a year "would pay 6.2 percent in payroll taxes on their entire income."
What does this mean to the middle and lower class? What this means is someone else will be paying more so they won't have to. It is an easy way to level out the ratio between poor and rich in this country, and we need that in a time like this.
By CHARLES HURT Bureau Chief
June 14, 2008
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