13 Aug
2008
13 Aug
'08
2:19 p.m.
On Wed, Aug 13, 2008 at 12:24:25AM -0500, Jim Herrmann wrote:
Not toget to far into it, but moving from the 10% braket to a 15% braket is not a 50% increase. It's an increase on the last dollars you make, not on the entire sum. You sir, are twisting the math to fit your meme.
Well, since my taxable income in 2007 was 10K, and my tax liability was 1K, and after 2010 the 10% tax bracket will no longer exist and my tax liability would for a taxable income of 10K will be 1.5K how is that not a 50% increase?
Thanks, -- Hal