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If Senator Obama becomes President Obama, my taxes will go up... way up. But I know neither Argentina nor anyone else will cry for me, because I am the rich guy Al Gore warned you about—the one that got all those tax cuts from the evil Bush administration. Yes, I am part of the one percent of Americans that paid an astounding 40% of all federal income tax in 2006. According to recently released IRS figures, about 50% of my fellow Americans paid no federal income tax at all that year. My fellow one-percenters and I covered for them. But, for some, it is still not enough. Senator Obama believes in "income redistribution," a concept practiced by Robin Hood in Sherwood Forest. Like Robin, Obama wants to take from the rich and give to the not-so-rich. He wants to raise taxes big time on those making $250,000 or more. That means that if you live in New York and earn a quarter of a million bucks, you could be paying close to half of your income in taxes. Even Robin Hood might find that somewhat extreme. Continue reading the full column...
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