| income ($) | current taxes ($) | new taxes ($) | percent increase |
|---|---|---|---|
| 10,000 | 430.00 | 635.00 | 48 % |
| 20,000 | 1,910.00 | 2,755.00 | 44 % |
| 30,000 | 3,830.00 | 4,875.00 | 27 % |
| 50,000 | 8,065.00 | 9,629.00 | 19 % |
| 75,000 | 15,365.00 | 18,179.00 | 18 % |
| 90,000 | 19,745.00 | 23,309.00 | 18 % |
| 100,000 | 22,742.00 | 26,805.00 | 18 % |
| 150,000 | 37,317.00 | 43,155.00 | 16 % |
| 200,000 | 51,692.00 | 59,030.00 | 14 % |
| 250,000 | 68,192.00 | 77,030.00 | 13 % |
| 350,000 | 101,192.00 | 113,030.00 | 12 % |
| 500,000 | 152,554.00 | 170,381.00 | 12 % |
| 1,000,000 | 327,554.00 | 368,381.00 | 12 % |
seems the cliff hits those under $50k/yr MUCH more then anyone else.
the left should be required to answer why... especially to those that vote for them
Now the amount I pay in taxes is paltry compared to my income, but I don't feel any inclination to pay more anytime soon. Right now the biggest money spending department in the government is HHS. DOD is number three and within a few years we will spend more on financing the debt than we do on defending the country. Why buy more smack for a heroin addict that keeps promising to go into treatment, but they just need one more hit.