A classic case of wingnut spin...

Is that tax on all people who make more than $250K? Or is it on all income OVER $250K? That makes a big difference.

Either way, they can afford it.

To hear the media report it, President Obama is proposing a tax increase on wealthy Americans. That's misleading at best. He's proposing that everyone receive a continuation of the Bush tax cuts on the first $250,000 of their incomes. Any dollars they earn in excess of $250,000 will be taxed at the old Clinton-era rates. [emphasis mine]

Get it? Everyone is treated exactly the same. Everyone gets a one-year extension of the Bush tax cut on the first $250,000 of income. No "class warfare".

http://www.huffingtonpost.com/robert-reich/obama-tax-proposal_b_1661908.html

For extra credit: Does that $250k figure refer to net or gross income? Will a small owner-businessman with say, ten million dollar a year
sales and and a net profit of $249,000 be affected by this law? Will this "job creator" have to pay any more taxes?

The only people who'd have to pay substantially more taxes under Obama's proposal are those earning far in excess of $250,000 -- and they aren't small businesses. They're the fattest of corpulent felines. Their spending will not be affected if their official tax rate rises from the Bush 35 percent to the Bill Clinton 39.6 percent.

Welcome back, Alcaray.