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To: kabar

The full list of marginal rate hikes is below:
-The 10% bracket rises to a new and expanded 15%
-The 25% bracket rises to 28%
-The 28% bracket rises to 31%
-The 33% bracket rises to 36%
-The 35% bracket rises to 39.6%
http://atr.org/days-taxmageddon-a7203#ixzz277YSfPmP
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.


13 posted on 11/14/2012 9:55:42 AM PST by TurboZamboni (Looting the future to bribe the present)
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To: TurboZamboni
The rates you provided show why the Reps cannot allow the tax hikes to go up on everyone by the so called "rich." The problem is that those earning over 250,000 (joint) include small business owners that file on the basis individuals. They will be hurt resulting in job losses.

Obama will win the propaganda battle for the reasons you indicate. The Reps cannot allow the tax rates to increase on most of the American people.

And then there is also the battle to extend the 2% payroll tax holiday and unemploymnent payments. Everyone loves Santa Claus.

15 posted on 11/14/2012 10:20:06 AM PST by kabar
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