GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Low income families in the USA will see a 50% tax hike!

DateDoc · 07-08-2010, 09:09 AM

With the Bush Era tax cuts about to expire the 6 existing tax rates of 10%, 15%, 25%, 28%, 33% and 35% will be replaced by five new brackets with the higher rates of 15%, 28%, 31%, 36% and 39.6%. That means those paying 10% will now see a 50% hike in their tax bill as it rises from 10% to 15%.

A lot of other people are about to be fucked unless Congress votes to extend these tax cuts.

http://finance.yahoo.com/taxes/artic...dvice_strategy

07-08-2010, 09:09 AM
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Low income families in the USA will see a 50% tax hike! With the Bush Era tax cuts about to expire the 6 existing tax rates of 10%, 15%, 25%, 28%, 33% and 35% will be replaced by five new brackets with the higher rates of 15%, 28%, 31%, 36% and 39.6%. That means those paying 10% will now see a 50% hike in their tax bill as it rises from 10% to 15%. A lot of other people are about to be fucked unless Congress votes to extend these tax cuts. http://finance.yahoo.com/taxes/artic...dvice_strategy __________________