Pardon if I do this wrong, but it seems to me that those who make more money a year get taxed higher at the same rate regardless of having to raise their tax rate.
adjusted gross income...42% is what the income tax gives to the government revenue...
the rise will be about 3 percent more on households that bring in 250,000 take home. Obama just wants to raise the level back to how Clinton had it..before baby Bush came and screw everything up.
So in other words. Just because someone uses credits and subsidies they should be taxed more because they were smart enough to do so? Hmm. Ok.
3% extra tax on take home pay? Whoa. I would feel raped.
You totally added more text to this post.
I think this man explains why that's a bad plan pretty well. This was said at a time when growth was much stronger than it is now.
You do realize O is burning through BILLIONS of dollars per day, has been for four years now and has no plan to stop that fact.
Are you referring to a federal income tax form here? What is the definition of ignorance please ...
Any chance you'll be coming to live here in Detroit or O's hometown and send your children to school? See a problem with O's "Economic Plan" now? Consider yourself lucky to not be a victim yet!
No plan to move to Detroit or Chicago. Nor am I planning on sending my kids to either. They can attend a state college just like myself.
The way our U.S. income tax brackets work is that taxes are levied on marginal income. Do you understand what marginal income means. I have to say not because you would have not asked that question if you did. Obama does want to raise taxes 3 percent on those who make 250,000 and above... the rate applied to income earned over the $250,000 threshold is irrelevant to the first $250,000 worth of taxable income. If you have $250,010 of taxable earnings then only that last $10 is taxed at the higher rate. so your small business tax does not raise for the whole 250,000 only whats after the 250,000.
... so fuck usNo plan to move to Detroit or Chicago. Nor am I planning on sending my kids to either. They can attend a state college just like myself.
Am I missing something here?
are you going to provide a detail plan of Romney or are you going to keep just spouting nonsense
I would like to say just about everyone you talk to about raising taxes will say it will more than likely dip us back into recession or make it worse depending on your view. Hell even Clinton said it was a very bad idea, he stands behind Obama but he has said many times raising taxes could backlash.
Well cutting funding is a good start....who the fuck watches pbs?
those tax cuts and credits are not available to you and me my friend . . . .