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Practically Speaking

Kyle and her husband moved to Brookfield in 1986. She became active in local politics and started blogging in 2004. Her focus is primarily on local issues but often includes state and national topics, too. Kyle looks at things from the taxpayers' perspective in a creative, yet down to earth way, addressing them from a practical point of view.

Obama lowered income for tax increase to $200,000, Biden to $150,000, see a trend?

Obama 2008, TAXES, THE ECONOMY

Over weekend, Obama lowered that income level that he would start "taxing" to $200,000 from $250,000.

That doesn't mean much to me since we are closer to mid 6 figures. But to dual income families, this will mean a lot. Same for those Joe the Plumber small business men.

Miami Dolphins owner is contemplating selling 45% of the franchise because of the increase in Capital Gains taxes.

Biden lowered the dollar amount to $150,000 on Monday.  

Bush tax cuts expire in 2010. Without doing anything, I will get a tax increase. 

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