Wednesday, April 07, 2010

Boo Fucking Hoo

USAToday (04.07.10), via BalloonJuice:
"Fresh from raising taxes on upper-income Americans to help expand health insurance coverage, President Obama and Democratic lawmakers are targeting them again.

When Congress takes up Obama's proposed $3.8 trillion budget this year, it will include extending President George W. Bush's tax cuts for middle-income families enacted in 2001 and 2003.

Upper-income people would lose tax cuts in Obama plan

Tax cuts for individuals with income above $200,000 and couples above $250,000 would be eliminated."

Meaning the top marginal tax bracket goes from 35% back to 39.6%. Which is basically jack-shit when you're making that kind of dough.

Oh, and if you don't understand how marginal tax brackets work, don't fucking bother us with how "unfair" this is.

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2 Comments:

Anonymous loki said...

I just spent a week skiing with a couple who are a pharmaceutical rep and an MD. Let me tell you how tough they say they have it with taxes. They say it's very tough to be penalized so greatly. So it must be bad. A couple weeks after that I noticed on Facebook a picture taken on their first class flight to Maui, the kind of first class where your seat is a bed you have that big console between the two seats that are crammed into a row. Then they shot video of the house they rented on the north shore of Maui with porches they didn't know they had until they were there a couple days, commenting on how they are getting ideas for their cabin (one of the 4 houses they own). And then...

I'm telling you, it's tough in the top brackets, yes sir it's tough.

3:02 PM  
Blogger knobboy said...

Yeah, you wonder how they do it. Day in; day out.

We should be grateful they deign to allow us in their presence from time to time!!

5:54 PM  

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