Tuesday, November 24, 2009, 3:17AM ET - U.S. Markets open in 6 hours and 13 minutes.
The White House's budget for fiscal year 2010 calls for tax hikes on wealthy Americans. In this case, that means couples making over $250,000 a year and individuals $200,000 a year. Under the budget plan, these households (about 3 percent of the total) would experience tax increases of $318 billion over the next 10 years. Here's a look at the states that will be most affected by the tax hike and how they voted in the last presidential election.
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Source: US Census Bureau (Housing Data), MSNBC (Election Data)
1. District of Columbia
% of Households Earning $200K+: 8.4%
Total Households: 251,039
Median Income: $50,318
Households Earning $200K+: 21,194
Election Results:
Obama: 93%
McCain: 7%
2. Connecticut
% of Households Earning $200K+: 8.0%
Total Households: 1,320,714
Median Income: $64,158
Households Earning $200K+: 105,433
Election Results:
Obama: 61%
McCain: 38%
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3. New Jersey
% of Households Earning $200K+: 7.5%
Total Households: 3,149,910
Median Income: $65,249
Households Earning $200K+: 235,278
Election Results:
Obama: 57%
McCain: 42%
4. Maryland
% of Households Earning $200K+: 6.9%
Total Households: 2,082,458
Median Income: $65,552
Households Earning $200K+: 142,694
Election Results:
Obama: 62%
McCain: 37%
5. (Tie) Massachusetts
% of Households Earning $200K+: 6.2%
Total Households: 2,449,133
Households Earning $200K+: 152,348
Median Income: $57,681
Election Results:
Obama: 62%
McCain: 36%
5. (Tie) California
% of Households Earning $200K+: 6.2%
Total Households: 12,200,672
Households Earning $200K+: 757,411
Median Income: $56,311
Election Results:
Obama: 61%
McCain: 37%
7. Virginia
% of Households Earning $200K+: 5.7%
Total Households: 2,932,234
Households Earning $200K+: 165,998
Median Income: $58,950
Election Results:
Obama: 53%
McCain: 46%
8. New York
% of Households Earning $200K+: 5.6%
Total Households: 7,099,940
Households Earning $200K+: 399,014
Median Income: $49,267
Election Results:
Obama: 62%
McCain: 37%
9. Hawaii
% of Households Earning $200K+: 4.5%
Total Households: 439,685
Households Earning $200K+: 19,876
Median Income: $63,104
Election Results:
Obama: 72%
McCain: 27%
10. Illinois
% of Households Earning $200K+: 4.4%
Total Households: 4,759,579
Households Earning $200K+: 208,385
Median Income: $51,279
Election Results:
Obama: 62%
McCain: 37%
11. New Hampshire
% of Households Earning $200K+: 4.2%
Total Households: 501,505
Households Earning $200K+: 20,899
Median Income: $65,652
Election Results:
Obama: 54%
McCain: 45%
12. Colorado
% of Households Earning $200K+: 4.1%
Total Households: 1,859,965
Households Earning $200K+: 76,216
Median Income: $59,209
Election Results:
Obama: 54%
McCain: 45%
13. Washington
% of Households Earning $200K+: 4.0%
Total Households: 2,501,509
Households Earning $200K+: 99,636
Median Income: $57,178
Election Results:
Obama: 57%
McCain: 41%
14. Texas
% of Households Earning $200K+: 3.9%
Total Households: 8,244,022
Households Earning $200K+: 313,681
Median Income: $45,294
Election Results:
Obama: 44%
McCain: 56%
15. Minnesota
% of Households Earning $200K+: 3.8%
Total Households: 2,062,681
Households Earning $200K+: 77,772
Median Income: $57,932
Election Results:
Obama: 54%
McCain: 44%
See today's average rates across the country.
| Loan Type | Today | Last Week |
|---|---|---|
| 30 Year Fixed | 5.02% | 4.98% |
| 15 Year Fixed | 4.55% | 4.54% |
| 1 Year ARM | 3.93% | 3.92% |
| 30 Year Fixed Jumbo | 5.89% | 5.86% |
| 5/1 ARM | 4.18% | 4.09% |
| 3/1 ARM | 4.73% | 4.95% |
| Loan Type | Today | Last Week |
|---|---|---|
| $30K Home Equity Loan | 8.35% | 8.30% |
| $50K Home Equity Loan | 8.21% | 8.16% |
| $75K Home Equity Loan | 8.24% | 8.19% |
| $30K HELOC | 5.22% | 5.20% |
| $50K HELOC | 4.95% | 4.93% |
| $75K HELOC | 4.96% | 4.94% |
| Loan Type | Today | Last Week |
|---|---|---|
| 36 Month New Car Loan | 6.67% | 6.69% |
| 48 Month New Car Loan | 6.79% | 6.81% |
| 60 Month New Car Loan | 6.83% | 6.86% |
| 72 Month New Car Loan | 6.12% | 6.26% |
| 36 Month Used Car Loan | 7.15% | 7.21% |
| 48 Month Used Car Loan | 7.02% | 7.09% |
| Card Type | Today | Last Week |
|---|---|---|
| Business Credit Cards | 9.49% | 9.49% |
| Low Interest Credit Cards | 11.65% | 11.65% |
| Balance Transfer Credit Cards | 12.07% | 12.07% |
| Cash Back Credit Cards | 12.08% | 12.07% |
| Reward Credit Cards | 13.29% | 13.29% |
| Instant Approval Credit Cards | 13.32% | 13.32% |
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