I've read a number of articles in the mainstream press about Obama's current proposal. The all say the same thing: That he will leave the rates the same for joint filers under $250K, but increase the top two brackets. When the articles discuss the current brackets, they all go from 25% to 33%. My question is: What happened to the 28% tax bracket? I'm trying to figure out what Obama is actually proposing. For a joint filer with an AGI of $249K, would 25% be the tax bracket, or would it be 28%? Thanks for taking a stab at this.
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