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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 years ago
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  1. nomosshere reblogged this from meckz
  2. complicatedshoes reblogged this from meckz and added:
    I think “Backdoor Taxes” are a good description for what’s going on here. Assume the position!
  3. meckz posted this
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