Oxymoron: 401k / assets
Oxymoron: real estate / equity
Oxymoron: rich / Americans - if we could deduct our loses from our income taxes over the next 5 years
Oxymorons: rich / Americans and middle class / Americans, after we pay for this $&!* (See mathematics item 3)
Maybe we're just plain morons - afterall we voted for this crew.
Mathematics: You could spend a million dollars a day, every day, since Christ was born, and you could still not pay for the economic recovery plan.
The new era of responsibility budget will cost each taxpayer (who paid income tax in 2007) $25,573. Note that is a 1 year budget. Another oxymoron: responsibility / 2010 budget
Taking the entire taxable income, a tax rate of 100%, of everyone earning more than $75,000 (in 2006, mind you, last year for granular data and a very good year) would have barely yielded enough to cover the $4 trillion Congress will spend in 2010.
That's why they need what's left of your 401k, too. Next they will be encumbering your real estate assets to pay for your neighbors deficit. Oh wait, they already did that, didn't they. That's why you don't have equity anymore.
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