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<blockquote data-quote="bbsam" data-source="post: 1015550" data-attributes="member: 22662"><p>Morris can't help but lie. Obama is proposing tax rates going up for those making over $250,000. In his first barrage, Morris states that a couple making this amount will pay an extra $12,500. BS. If that couple were to make, say $300,000, the only portion that would be taxed at the higher rate is the last $50,000. Let's say that the first $250,000 is taxed at 30% for simplicity. That's alot of money, $75,000. That last 50% at 30% is another $15,000 meaning the final amount added to the tax bill is a whopping $2,500. Big difference, Dick.</p></blockquote><p></p>
[QUOTE="bbsam, post: 1015550, member: 22662"] Morris can't help but lie. Obama is proposing tax rates going up for those making over $250,000. In his first barrage, Morris states that a couple making this amount will pay an extra $12,500. BS. If that couple were to make, say $300,000, the only portion that would be taxed at the higher rate is the last $50,000. Let's say that the first $250,000 is taxed at 30% for simplicity. That's alot of money, $75,000. That last 50% at 30% is another $15,000 meaning the final amount added to the tax bill is a whopping $2,500. Big difference, Dick. [/QUOTE]
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