The Homa Files

 OTP = Obama Tax Plan

An irony of Senator Obama’s tax plan is that folks in Democratic-leaning Blue electoral states will take the brunt of  proposed tax hikes. 

High-earners are concentrated   in big Democratic strongholds: DC, New Jersey, Maryland, Massachusetts, Connecticut, New York, California, and Illinois. 

Here are a couple of indicators of the level of concentration:

First, the average income of tax filers falling into the top 5% in each state.  As a rough measure, if the average is higher than Obama’s $200,000 – $250,000 income thresholds, then most (or all) of the state’s top 5% will be hit by the Senator’s increased tax rates.

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A second view is the proportion of top 5% income represented by each state’s top 5%.  The top 10 states — 7 of which are Blue states –account for over 55% of the total.

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Bottom line:  More Blue state filers than Red state filers will get hit by Obama’s tax increases.  And, there’s nothing they can do about it since their states are unwaveringly Democratic states.

Maybe there is justice in the world.

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Source : http://www.electoral-vote.com/

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This entry was posted on August 20, 2008 at 7:15 am and is filed under Government & Politics, Taxes, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.