Obamaonomics proposes raising [[income tax]]es on all working Americans effective January 1, 2010. The rate of increase on the poorest workers, those least able to afford it, is 50%, from a progressive tax rate of 10% to a rate of 15%. By contrast the upper 2%, those with taxable income of $250,000, will only experience a 10% increase, from 36% to 39.6%. | Obamaonomics proposes raising [[income tax]]es on all working Americans effective January 1, 2010. The rate of increase on the poorest workers, those least able to afford it, is 50%, from a progressive tax rate of 10% to a rate of 15%. By contrast the upper 2%, those with taxable income of $250,000, will only experience a 10% increase, from 36% to 39.6%. |