Look in mirror to see the ‘rich'
President Obama, Vice President Biden and their supporters keep talking about the rich paying their fair share by raising taxes on the rich and regulating and taxing corporations because of these evil 1 percent don’t pay their fair share.
Obama says it “is arithmetic.” Biden shouts, “Do the math.” Well for all those that do not know or have not given it a second thought, here is how raising taxes works.
“Burger Joints” sells burgers at $1 each; their operation cost is 92 cents each (ingredients, labor, building, etc.) and the business makes an obscene profit of 8 centers per burger (because making less than that is not worth the investment and by making more they lose the market).
So Obama increases their fair share tax by 6 cents plus due to Obamacare and the rising price of fuel their operation cost increases 5 cents and a new global warming tax adds another 2 cents per burger. All added together, their new operation cost is $1.05 each.
So “Burger Joints” now sells their burgers for $1.13 each. Who is paying the new tax increase? All politicians know this, but some decide to conceal it from their constituents. Next time you feel that tingling going up your leg when Obama is shouting how he is raising taxes on the rich, just think, you are that rich! You are paying that tax on every item and service you pay for!