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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: TimF who wrote (143697)10/28/2008 2:47:00 PM
From: geode00  Read Replies (2) of 173976
 
Federal income tax schedule:

irs.gov
For incomes under $7,825
The tax rate is 10% of the amount over $0

For incomes between $7,825 and $31,850
The tax rate is $782.50 plus 15% of the amount over 7,825

So someone with an AGI of, say, $8K (yippeeee!) is paying at the same rate as Paulson with an income of $3.7 BILLION.

Yep, that's fair and reasonable.
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