If Rush Limbaugh makes about $78 million per year, did Obama's Tax Deal give him about $15,324,704 more over the last two years?

"Compared to the Tax Cuts Extended scenario,
total tax liability for the Obama Plan scenario would be $7,662,352 higher

..................................................................Tax Cuts Extended................Tax Cuts Expired

Adjusted Gross Income...................................$78,000,000.....................$78,000,000?

About $38 million of earned income
At least $20 million of dividends on about $1 billion
At least $20 million of capital gains on on about $1 billion
= about $78 adjusted gross income?

Tax Liability on $38 million of income...................$19,273,989.....................$26,936,341?

Average Tax Rate..................................................24.53%.............................34.29%"?

$26,936,341 - $19,273,989 = $7,662,352 x 2 years = $15,324,704?What is the estimated net worth of Rush Limbaugh?

Tax CalculatorSingle
Tax Plan: Tax Cuts Extended vs. Tax Cuts Expired
Tax Year: 2011
AMT Patch: AMT Patch in effect

If about 1,699,000 US households make more than $250,000, and their portion of the tax cuts is about $120 billion...?

If about 1,699,000 US households make more than $250,000,
and their portion of the tax cuts cost $120 billion
are America's elected leaders
about to charge everyone's kids $1,600 each
to give all the households making more than $250,000 per year
an average of $70,629.78 each?

$120,000,000,000 / 75,000,000 Kids = $1,600 per American Child

 

$120 billion divided by 1,699,000 = $70,629.78

If there are about 75 million kids in the United States of America, will congress and the president charge them $12,000 a piece to bail out the financial mismanagement of their parents?

$900,000,000,000 / 75,000,000 Kids = $12,000 per American Child

What should happen to economies
in which elders consume more than their children’s inheritance?