Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Mr. Jeeves

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.


33 posted on 09/21/2012 8:11:12 PM PDT by TurboZamboni (Looting the future to bribe the present)
[ Post Reply | Private Reply | To 32 | View Replies ]


To: TurboZamboni
I borrowed your stats for reposting on Facebook :-) I had read all this earlier today, but I did not really make the connection about how large of an increase we are looking at until I read your explanation!

Considering the kind of year I'm having, I'll likely be back in the bottom bracket, and thus facing that 50% increase: an unbelievable increase in such poor economic conditions, and one that should have the media screaming, if they had any interest in actually doing their job instead of shilling for their party....

34 posted on 09/21/2012 9:01:32 PM PDT by GizmosAndGadgets (How Free Are You In America Today?)
[ Post Reply | Private Reply | To 33 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson