If Darrell Issa, worth about $303 million, makes about $15.5 million per year*
and could save about $693,918 per year in taxes by voting for Obama's Tax Deal,
could Congressman Issa vote himself what could be
about $1,387,836 over two years?
………………………….................…Tax Cuts Extended…………….Tax Cuts Expired
Adjusted Gross Income……………$15,150,000*…………………$15,150,000*?
Tax Liability……………………...…..$5,265,721......................$5,959,639?
Average Tax Rate………………………..33.80%......................... 38.28%?
$5,959,639 – $5,265,721 = about $693,918 x 2 years = about $1,387,836?
.
Tax Plan: Tax Cuts Extended vs. Tax Cuts Expired
Tax Year: 2011
AMT Patch not in effect
If about 1,699,000 US households make more than $250,000,
and their portion of the tax cuts cost $120 billion,
and $120,000,000,000 / 75,000,000 Kids = $1,600 per American Child,
and $120 billion divided by 1,699,000 = $70,629.78,
is Howard Coble going to vote to charge everyone’s kids $1,600 each
to give all the households making more than $250,000 per year
an average of $70,629.78 each?
$15,150,000 income estimate* = 5% of $303 million?
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