How Many in Lorton Might Feel Obama Tax Rate Increase?
President Obama wants to raise tax rates on those making $250,000 or more.
President Barack Obama hopes to raise taxes on Americans making $250,000, or approximately the upper 2 percent of incomes across the country. There are no hard and fast numbers for the Lorton area on how many people make more than $250,000, but the latest IRS data available shows that more than 900 households in Lorton's 22079 ZIP code filed tax returns showing adjusted gross incomes of more than $200,000, the highest level income category reported by the IRS. Obama's plan could raise $1.6 trillion in revenue over 10 years, partly by letting decade-old tax cuts on the country's highest earners expire at the end of the year, according to a report by the Associated Press. The president would continue Bush-era tax cuts for all except those …
Sally Spangler
10:43 am on Monday, December 10, 2012
I believe that those families making over $250,000 should pay more than the rate I am paying for my less than $100,000. Those reporting over $250,000 need to take a tuck in their spending. The difference between my less than $100,000 and their more than $250,000 should be ready to pay their share. Considering that Fairfax County will, without a doubt, raise their rates on everyone, just by … more ›