The Cost of Change: 8.3 Percent More Taxes!

Joe “the Gaffe” Biden spilled the beans on Obama’s tax plans today by saying the Obama is going to raise taxes on everyone making over 150,000 dollars today. The increase will be from a 36% rate back to where it was under Clinton, which is 39%.

But all you leftists who are marching in lockstep with your socialist leaders like to say this will only be a 3% raise. No, it’s not 3%. If you think it is, it just proves the inadequacy of your public school education. The difference is 3%. But its an increase of 8.333 percent. Here is a handy calculator.

Why would you vote in a “spread-the-wealth” socialist and pay for the privilege of doing so? Thanks to Hot Air for the video above and for pointing out that investors are bailing out of the stock market for fear of an Obama victory.