emptystep
VIP Member
- Jul 17, 2012
- 3,654
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One of the biggest sticking points of a deal with the level at which taxes will go up. The level the President is sticking to is $250K while the republicans think that is too low.
Here's a math question for those who think the $250 limit is going to make the wealthy go broke.
If for up to a dollar I pay 5% tax and I make $1 for the year at the end of the year I would own $0.05 tax.
If for anything above $1 I owe 10% tax and I make $2 for the year, how much tax do I owe at the end of the year?
It is just so hard to bring those guys out of the back seat.
Here's a math question for those who think the $250 limit is going to make the wealthy go broke.
If for up to a dollar I pay 5% tax and I make $1 for the year at the end of the year I would own $0.05 tax.
If for anything above $1 I owe 10% tax and I make $2 for the year, how much tax do I owe at the end of the year?
It is just so hard to bring those guys out of the back seat.