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comment by thenewgreen
thenewgreen  ·  4549 days ago  ·  link  ·    ·  parent  ·  post: Robert Reich: The Truth About Obama’s Tax Proposal
    A small business owner earning $251,000 would pay the Bush rate on the first $250,000 and the old Clinton rate on just $1,000.
I had not realized this. Thanks for posting this article, it was really straight forward. I had thought the entire $250k would be taxed at an increased rate. That's a substantially different story than the one I've been hearing.




cgod  ·  4549 days ago  ·  link  ·  
Most Americans don't realize that tax rates are always on the next dollar earned. This is how income taxes always work.