It’s all very complex. The Obama proposal to change the Bush tax laws are presented to you by Obama in simple terms. If you make less than $250K a year, it won’t affect you. Saying that is like saying: with ObamaCare, “if you like your doctor, you can keep your doctor.” It’s a lie, a blatant, I’ll say anything to be reelected, lie.
And, if you and your spouse make more than $250K a year, you will be hit hard.
Here’s a video with Dick Morris explaining how the ObamaTax will work.
http://www.youtube.com/watch?v=-wIfI2whjiM&feature=player_detailpage
