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if the tax cuts expire what is the amount paid on over 250K year

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onethatcares Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-01-10 04:41 PM
Original message
if the tax cuts expire what is the amount paid on over 250K year
I know this has been discussed before but I can't remember what the person earning 251k a year would pay.

Thanx to all.
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sally cat Donating Member (544 posts) Send PM | Profile | Ignore Mon Nov-01-10 04:43 PM
Response to Original message
1. I'm going to Google that. Googe is your friend. Except when it comes to paying taxes to the US
government, then they use the "double Irish" or something.
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Gaedel Donating Member (802 posts) Send PM | Profile | Ignore Mon Nov-01-10 05:12 PM
Response to Original message
2. Top rate goes back to 39.6% not sure of the break point nt
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The_Casual_Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-01-10 05:24 PM
Response to Original message
3. You would pay the the higher rate on the 1k.
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salin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-01-10 07:00 PM
Response to Reply #3
6. bingo!
Oh my, Oh my.... that 1k gets taxed at a higher rate!
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LonePirate Donating Member (898 posts) Send PM | Profile | Ignore Mon Nov-01-10 06:43 PM
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4. Not nearly enough given all of the suffering and need in this country.
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Naturyl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-01-10 06:50 PM
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5. Far too little.
We need a return to 1950's tax levels.
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