The White House's budget for fiscal year 2010 calls for tax hikes on wealthy Americans. In this case, that means couples making over $250,000 a year and individuals $200,000 a year. Under the budget plan, these households (about 3 percent of the total) would experience tax increases of $318 billion over the next 10 years. Here's a look at the states that will be most affected by the tax hike and how they voted in the last presidential election.
1. District of Columbia
% of Households Earning $200K+: 8.4%
Total Households: 251,039
Median Income: $50,318
Households Earning $200K+: 21,194
% of Households Earning $200K+: 8.0%
Total Households: 1,320,714
Median Income: $64,158
Households Earning $200K+: 105,433
Sunday, March 01, 2009
When it rains, it pours
So your blue state is struggling as a result of all those rich people taking a beating it must be heartening to know that the coming tax increases on rich people are targeted at your state....