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To: TurboZamboni
Raising the 10% bracket to 15% represents what percentage of increase? Hint: The correct answer is NOT 5%.

For completeness, there are two ways to answer this (as you know). It is important to understand the precise distinction between the two (which is very often confused):

  1. It is a 5 percentage POINT increase.
  2. It is a 50% increase.

You cannot use the two interchangeably.

7 posted on 06/23/2012 8:43:45 AM PDT by ProtectOurFreedom
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To: ProtectOurFreedom

correct. thanks for the added clarity. I don’t think most readers understand the hidden meaning in MSM stories.


9 posted on 06/23/2012 9:05:19 AM PDT by TurboZamboni (Looting the future to bribe the present)
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To: ProtectOurFreedom

correction to my statement:

To those moving from the 35% to the 39.6% tax bracket-that’s roughly a 13% increase in taxes.

Since we’re going from 6 different brackets to 5, we can only decode the lowest and highest with any certainty.

also, there is no 20% bracket,according to the article...ny mistake.


17 posted on 06/23/2012 8:56:20 PM PDT by TurboZamboni (Looting the future to bribe the present)
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