Anyone over a $million/yr should pay the same 48% of income like me. As a small business owner with no preferred status, and income less than 200k, I have to pay in 10k of Tax an FICA for every 20k I bill.   Lets screw the Single White American that is building a business !   

 ( BTW, No money to return to school either, because I own a home.. ) If you have any money in the bank you receive NO finical aid. How are we supposed to educate the work force ? It forces you into the system and recruits from the high risk sample.

Obamanomics, mmmm, mmm, mmm.

How stupid you are for wanting such a burden in our lives.

I think its time to stop all welfare payments, food stamps, government workers paychecks (including president, senate and congress)  until a decision is reached. 

Then  once one is reached a new welfare reform should be put into place.  This would help decrease the deficit, including mandatory drug testing for all recipients.   Then form a welfare task force to check homes of recipients to make sure they own nothing, and that there are no additional working people (ex: live in boyfriends, etc...) in the homes.  Next, those who still qualify would be put to work cleaning highways, government buildings, picking up trash and working in childcare to take care of those who are working and on welfare. 

Next a mandatory 15% pay decrease to all government workers.  This would weed out who really wants to work for the people.  All gifts, donations etc.. to president, congress and senate are made illegal.  And, their co-pays for insurance are doubled.  No bonuses, no perks, no trips, nothing.  No parties at the whitehouse canceled, no personal chefs, let them cook for themselves.  No more traveling on our expense, they need to fly to hawaii on there own buck. 

And finally, a sliding scale for big corporation CEO's that their salary be in check to the salary that they are paying their employee's.  If not huge tax penalties would be imposed on their corporations.  Also, that they employee at least 75% of their workforce here in the USA or they would be severely taxed on their product.  And  all imported products would have a major import tax.  It is time to make US products more affordable than the made in Taiwan crap people purchase.

Just sayin it might work for us.

Please take note that you don't need to have an income of $250,000 to justify a Roth IRA conversion. Why? The conversion may very well boost your TOTAL income into this range. Also, the higher additional taxes could be as high 8.3% - not 3.8% - if Obama gets his tax rate increase from 35% to 39.5% for the top earners.

An alternative strategy is to do a partial conversion that brings your total income just up to, and not over, the $250,000 threshold. Repeat this every year until the entire conversion is complete. The downside of this approach is that gains in the conventional IRA before converting are taxable. On the other hand, there may not be much in the way of gains under Obamanomics.