skookerasbil
Platinum Member
If the Bush tax cuts for people making over 200,000 expire, a person making 250,000 dollars a year will owe less than 300 dollars more than they did last year.
A person making 250k a year at 35 percent will pay approx 87K in taxes, with no withholdings. Of course that all changes with amount of dependents, write offs etc. A person making 250k a year at 39.6 percent will pay approx 98k in taxes. It will be substantially more than 300 bucks. And of course the AMT comes in to kick your ass too.
One more Conservative who doesn't understand marginal tax rates.
This gets funnier by the day.