College Confidential’s “Dean,” Sally Rubenstone, put together 25 of her best tips. Get your free copy of the "25 Tips from the Dean" eBook and get helpful advice on how to choose a college, get in, and pay for it: http://goo.gl/9zDJTM
Obama is going to raise income taxes and capital gains taxes only on the amount of income or capital gains taxes above $250,000. For those that make more than $250,000, the first $250,000 will not be taxed higher.
So if you make $250,000 your taxes will be unchanged under Obama's plan.
If you make more than $250,000 you will pay approximately 5% more of you income and capital gains in taxes. Again, only the amount above $250,000 will be taxed more.
So an income of $350,000 will see a $5,000 tax increase.
An income of $450,000 will see a $10,000 tax increase.
An income of $550,000 will see a tax increase of $15,000.
An income of $1.25 million will see an increase in taxes of $50,000.
Not socialism either.
I read a lot of nonsense about how it's the end of the world if Obama wins, and the rich will get buried.