Heather at Crooks & Liars:
...another thing I get tired of while hearing these guys cry about how those tax cuts expiring are going to harm the ones right on the edge so badly. They act like the higher rates are going to affect their entire income. If you made $250,100 for the year after your deductions, the only part of your income that's going to be affected by the higher rate is that last $100, not all of it.
Someone needs to explain the concept of tax brackets to these clowns and the media needs to quit allowing any of them who are confusing the public about just how much more a year anyone that's just above the $200,000 a year individual income of $250,000 a year household income would actually see their taxes rise if the Obama administration's proposals end up being enacted.
Pew Pew. Mad tax bracket explainin' booyakasha!
I am Frank Chow and I approved this message
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