This Wednesday will mark President Barack Obama’s first 100 days in office. In honor of this event, Americans for Tax Reform has put together the most important numbers taxpayers need to keep in mind when evaluating President Obama’s performance:
16 | Number of days it took Obama to break his campaign promise to not raise taxes on any family earning less than $250,000 per year (by signing a tobacco tax hike which affects people making $36,000 on average) |
40% | Tax rate Obama would like to take small business profit taxes to |
2/3rds | The percentage of small business profits that will pay this tax rate |
43 million | Number of Americans working in small businesses (<100 employees) |
36% | Percentage of Americans working in small businesses (43 million) |
$10,000 | Amount of higher energy taxes American families will have to pay every year if the Obama-Pelosi-Reid budget is enacted (including cap and tax) |
$3100 | The average family’s annual share of the “cap and tax” scheme |
60% | The percentage of all income taxes currently being paid by the top 5% of families (must earn over $150,000 to be in top five percent) |
3% | The percentage of all income taxes currently being paid by the lower half of families (must earn less than $31,000 to be in lower half) |
33% | The percentage of families filing a tax return that had zero or less in income taxes paid (making it mathematically impossible to cut taxes for “95 percent of working families”) |
0 | Number of developed countries that have a higher corporate income tax rate than the United States (we’re tied with Japan at 40%) |
25% | The average European corporate income tax rate |
578,000 | Number of Americans attending Tax Day Tea Parties (and counting) |
540 | Number of Tax Day Tea Parties (and counting) |