U.S. Unemployment Rate Rises to 9.6%

Unemployment jumps to 9.6% during recovery summer

Not much of a recovery summer when 283,000 jobs were lost over the summer months.

U.S. Private Sector Adds 67,000 Jobs - WSJ.com

Employment Situation Summary

120 days to go until the largest tax hike in history.

Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:

- The 10% bracket rises to an expanded 15%

- The 25% bracket rises to 28%

- The 28% bracket rises to 31%

- The 33% bracket rises to 36%

- The 35% bracket rises to 39.6%

Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care tax credit will be cut.
Click to expand...
Read more: 120 Days to Go Until the Largest Tax Hikes in History


Below is the tax bracket so you get an idea on how much the percentages are in terms of dollar amount.

Tax Rate --- Married Couples Filing Jointly ---Most Single Filers

10% ----Not over $16,750 --- Not over $8,375
15% --- $16,750 to $68,000 --- $8,375 to $34,000
25% --- $68,000 to $137,300 --- $34,000 to $82,400
28% --- $137,300 to $209,250 --- $82,400 to $171,850
33% --- $209,250 to $373,650 --- $171,850 to $373,650
35% --- Over $373,650 --- Over $373,650
» 2010 Federal Income Tax Brackets (IRS Tax Rates)


And remember the words of Obama on September 12, 2008:
"No family making less than $250,000 a year will see any form of tax increase."

Liar, liar pants on fire!
 
Democrats and Republicans: two sides of the same coin. :wave:
 
Man, and yet people continue to defend him and his policies?
 
and when was the last time you had Republican controlled Congress that saw unemployment rate go up to 9% or more?
 
Dammit, I created a similar thread in Political/War subforum first. :lol:
 
Not "defend" his policies. Just stating them. Republicans policies would have the same effect.
 
No. When the last time you had a Republican controlled Congress who saw unemployment rate go up to 9% or more?
 
Both Republicans and Democrats are just puppets. There is always a first time for everything.
 
You say No and I say Yes. What we have here is a good ole Mexican standoff. :lol:
 
That's funny. I think you know what my answer will be. :lol:
 
So, you're actually claiming that when Republicans once controlled Congress they saw unemployment rate go up to 9% or more?
 
No. I'm not a mind reader which is why I asked you that question.
 
It's a silly question. It implies it couldn't happen with a Republican-controlled Congress and I say Poppycock.
 
I'm saying it wouldn't make a difference which party controls Congress.
 
Carville said it best. The problem with obama is that he has policies instead of strategies
 
You're not answering the question, beowulf. Interesting how you're avoiding it.

I'm talking history here. And you cannot answer it?
 
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