I’m sure you remember candidate Obama saying that he was not going to increase your taxes if you made less than $250,000 per year. A friend called Senator Sheldon Whitehouse’s office and asked a simple question – “I own a company that makes over $250,000 per year but I personally make much less after expenses. Will the tax increases apply to net or gross income?”
Click HERE to listen to the response.
There ya’ go! They don’t know and won’t know until after the budget is passed. They must be too busy spending our money to worry about how to pay for it.