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Nov 23, 2012

The Tax Thing

I've seen and heard some whining going on about what a bitch it'll be for hard-working white-collar Dems who'll have to pony up on the tax raise because they're busy making money north of the magic $250k level, living in a not-very-fancy neighborhood with a coupla kids etc - and now they have to get ready to pay up on Obama's promise to hike taxes, and it's so unfair because gee, $250k just doesn't buy what it used to buy blah blah blah.

Please - get a fuckin' grip.  You're supposed to be the "smart ones", remember?

Obama's basic plan is to boost the tax rate on income OVER $250k, which means you'll pay exactly the same rate on the FIRST $250k; paying the higher rate only on the amount you earn after $250K.

You sit down and do just a tiny bit of arithmetic, and wow - look at that - if you're pullin' down $300k, your total rate goes up by about 3/4 of 1%.  Think you can handle that one, Mr Super-Genius?
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