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To: entropy12
Of course it is bad for you if you earn more than $450,000.

Or your customers make more than 450KUSD/year. I've shut down the business as of today.

/johnny

65 posted on 01/01/2013 9:49:40 PM PST by JRandomFreeper (Gone Galt)
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To: JRandomFreeper

I am sure you are aware that the 39.6% rate applies only to income above $450,000. The first $450,000 income stays at Bush tax rates. So if you earn $550,000, the higher tax rate applies only to the last $100,000. Which means $4600 more in tax. That is a lot but not enough to kill your business. I hope you do not shut down your business.


70 posted on 01/01/2013 10:00:27 PM PST by entropy12 (The republic is doomed when people figure out they can get free stuff by voting democrats)
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