How much more taxes would “Joe” be paying if he was making that $250K under Obambi’s plan ?
Joe would be paying 39% at Obama’s new highest tax bracket and would not see a dime of the credits other non-business owners who get.
Joe would pay $750 more a year in taxes under Obama’s plan.
The first 250k is taxed at 36% the remaining 25k is taxed at 39%.