By allowing the 2003 Bush tax cuts to retire, taxes will be increasing the bottom rate from 10% to 15% and the 20% bracket to 25%.
Raising the 10% bracket to 15% represents what percentage of increase? (Hint: The correct answer is NOT 5%)
To those moving from the 10% bracket to 15%, their taxes will be increased by 50%!!
Raising the 20% bracket to 25% represents what percentage of increase? (Hint: The correct answer, again, is NOT 5%)it’s s a full-blown 25% increase in taxes
Finally, raising the 35% bracket to 39% represents what percentage of increase: (Hint: The correct answer is NOT 4%)that’s roughly an 11% increase in taxes.
Your exactly right. Romney needs to hammer Zero hard on this.
“your current tax rate is 10%.. Look at your check next time you get it. Look at the federal taxes taken out. Obama wants to raise that amount by 50%!!!! So if it’s 100 dollars this pay check, it will be 150 dollars next pay check. That is almost enough to buy a tank of gas for your car now that Obama has doubled the gas prices you pay”
Turn the 47% on him. Ya, they don’t technically pay any tax. but it is withheld from them. (and loaned to the government at 0% through out the year before credits)