Tuesday, January 26, 2010

Are the New York Yankees stealing from our kids?

If players for the New York Yankees make about $200 million per year,
how many new American jobs do they intend to create
with what could be about $10 million extra over the next two years
that will be borrowed from our children
under the Obama/Republican tax deal?

I am absolutely convinced that this tax cut plan, while not perfect,
will help grow our economy and create jobs in the private sector.

Barack Obama


Last season, the Yankees spent $206 million on players

...The Yankees’ median salary was $5.5 million...

NYT

According to the strange the logic of Democratic leaders in Congress,
the best way to show middle class Americans that they care about creating jobs
is to slam some of America's top job creators with a massive tax hike.

Senate Minority Leader Mitch McConnell

.
.
.
................................................Tax Cuts Extended......... Tax Cuts Expired

Adjusted Gross Income $200 million

Approximate Tax Liability..........$70 million.............. $80 million

Average Income Tax Rate........... 34.47%....................39.00%

If about 1,699,000 US households make more than $250,000,
and their portion of the tax cuts cost $120 billion
did America’s elected leaders
just charge everyone’s kids about $1,600 each?

If $10 million @ 5% for 75 years = $38,410,390.99,
and $38,410,390.99 / 75,000,000 American Kids = $0.51 per American Child
are the players for the New York Yankees taking about 51 cents
from each and every New York Yankees fan under 18?

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