Even Black Widow has to pay the tax man. /Image via fanpop.com
The bitter pill House Republicans will be asked to swallow on New Year's Day is a tax hike on individuals earning incomes higher than $400,000 and families earning more than $450,000.
Regardless of what you hear this morning from Republican congressmen and pundits, opposition to the tax hike negotiated New Year's Eve in the Senate is not rooted in protecting so-called job creators at small businesses. According to 2007 IRS data, the average U.S. small business owner earns an annual income of $100,000. Average incomes for small business owners exceeded $400,000 in only two sectors of the economy, mining at $550,000 and holding companies at $690,000.
Getting a little nosier, here are examples of $400,000 salary earners over the past couple of years:
President Obama
UFC fighter Junior dos Santos
University of Chicago Professor Todd Henderson
Caltrain CEO Michael Scanlon
Planned Parenthood President Cecil Richards
Seattle Port CEO Tay Yoshitani
Atlanta School Superintendent Beverly Hall
Star Tribune Publisher and CEO Michael Klingensmith
San Diego State University President Elliot Hirshman
Texas A&M Assistant Football Coach Kliff Kingsbury
And Scarlett Johanssen made $400,000 for Iron Man 2.
At a time when the gap between the rich and the working class is wider than ever in America, these are people who can afford to pay a little more in taxes.
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