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Author: synchronicityII Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1947870  
Subject: Re: The Republican Puppet Masters Date: 12/1/2010 3:49 PM
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AT 250k you are paying the top income tax bracket rate

Oh for crying out loud SGIZ, just for ONCE can't you get at least ONE actual FACT correct!!!

Here: http://www.irs.gov/pub/irs-pdf/i1040tt.pdf

Look at the LAST PAGE (page 13 of 13) which has actual tax tables for 2009! Notice where top marginal tax rate kicks in? At OVER $372,950 TAXABLE income! (with the sole exception of if you are married filing separately). And, because you seem impervious to actual facts, TAXABLE income is the amount AFTER subtracting personal exemptions and deductions (standard or itemized) as well as any pre-tax contributions to 401K's and the like.

So, no, at 250K gross income you are NOWEHERE CLOSE to the top marginal federal income tax bracket.

Really, this stuff is very simple to look up.

-synchronicity
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