I am just sick of the class warfare garbage that passes as taxation debate lately, and decided to run some numbers on the obama plan. In the true spirit of cherry-picking a scenario that fits the agenda, I've chosen a married couple in Texas earning $74000 per year with two young children (gets all the credits and no reason to itemize with no state income tax and low home prices). Now, there are some missing details in the proposed policies (such as phase outs, single-income vs dual income for the 'working' credit, etc.), so I've made assumptions. First, I've assumed...
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Wealth redistribution and the Obama tax plan (Vanity)
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