Monday, June 15, 2009

cap and trade a regressive tax

I ran this cap and tax calculator. ..  my cost for the new tax: $1,900.00
a year or about 2.2 %

How can Obama claim that he is not raising taxes except on the rich?

I ran it again for a low income family, making only $30,000 a year: $1,353.00
That a very significant tax on the poor, about 4.5 %

People with $10,000 income:  $684 increase, a tax on the really poor at about 5.7%

What a completely regressive tax!


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