Bloomberg.com: Politics
Under Obama's proposal,
Wurzelbacher would face about $900 more in taxes if he netted $280,000 of income from his new business, said Gerald Prante, a senior economist at the Tax Foundation, a Washington research group that is examining both candidates' plans. ``His average tax burden, the final bill he pays to the IRS isn't going to go up much if he's just making $280,000 a year,'' Prante said. He would face higher marginal tax costs to expand the business beyond that, he said.
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