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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: mel221 who wrote (125890)10/31/2012 6:26:58 PM
From: manalagi  Read Replies (1) | Respond to of 149317
 
This is Dick Morris math:

Bush max tax rate: 35%

Clinton's max tax rate: 39.6% (Dick rounded that to 40%).

Therefore, 40% minus 35% = 5%. And according to Dick Morris: $ 250,000 times 5% = $ 12,500.

And you buy his math, and his insult to our intelligence? Does not he know about marginal tax rate? Under Obama Federal Tax obligation for person earnings $ 250K/year stays the same.