Backdoor taxes to hit middle class
If the provisions are allowed to expire on December 31, the top-tier personal income tax rate will rise to 39.6 percent from 35 percent. But lower-income families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.
Not one dime, huh?
Source: Yahoo!
2 Notes/ Hide
-
nomosshere reblogged this from meckz
-
complicatedshoes reblogged this from meckz and added:
I think “Backdoor Taxes” are a good description for what’s going on here. Assume the position!
-
meckz posted this