September 1, 2008 • Vol. 13, No. 47 Download Now! (pdf)

 

EDITORIAL
The Thin Man
by William Kristol

SCRAPBOOK
Bob Herbert's History Lesson

ARTICLES
Don't Cry for Russia
by Cathy Young

Keynote Kalamities
by Matthew Continetti

Would You Hire Barack Obama?
by Dean Barnett

An Awkward Alliance
by Stephen F. Hayes

Unsuper Delegate
by Richard Burr

Hillary Supporters for McCain
by Salena Zito

FEATURES
Misfortunes of War
by Noemie Emery

The New Jews?
by Jennifer Rubin

Faith-Based Campaign
by Terry Eastland

BOOKS & ARTS
No Way Out
by Christopher J. Walker

The Texas Way
by William McKenzie

Crime Pays
by Steven J. Lenzner

Hef's Cold War
by Cynthia Grenier

Le Film Mediocre
by John Podhoretz

CASUAL
A Summer Car
by Joseph Bottum

PARODY
The Podestionary


« Lieberman: "A Tectonic Shift in Iraq" | Main | House Democrats Block Vote on FISA Extension »

For Our Well Compensated Readers

Above the Law figures just how much an Obama presidency will cost you (that is, if you are making over $164,000):

The effect is enormous. Betsy’s marginal tax rate goes up from an already ridiculous 42.5% to 51.4%—not including the new 6.2% marginal tax on your employer. Subject to how she structures her withholding, Betsy’s take home pay drops an average of $515 a paycheck—less in the early months of the year, but much more in the later months of the year. Add in the effects on her bonus, and Betsy loses nearly $20,000/year in take-home pay.

I added a third column: how big a pay cut would you have to take to receive the same take-home income? The answer is that Obama’s tax increases have a bigger effect on your income than a law firm cutting New York salaries by $34,000.

How does this effect me, you ask? Because I know one day the boss will see my true value to this company and offer me that $160k salary. I figure some time during Michelle Obama's second term.

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