As you can see, the current tax rate for someone in the $164,555-$357,700 bracket is 33%. Under Obama, this rate might go to 38% or so. That’s only an extra 5% increase. It’s not an increase from 0 to 38% like you seem to be implying in this thread.
What that means is that someone in this bracket who makes $250,000 will pay approximately an extra $2,500 in taxes on their last $50,000 in income (0.05 x $50,000 = $2,500) versus what they would have paid under Bush. BFD. So your precious cousin will owe an extra $2,500 on that last $50K in income. I hope you’ll excuse me if I don’t shed a tear for him.
You seem to consider an extra 5% in taxes to be one of the biggest injustices in the world. You are obviously clueless and from all appearances border-line retarded. I assure you there are much bigger injustices in this world than your cousin having to pay an extra $2,500 in taxes on his last $50K in income.
