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Author: telegraph Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 852869  
Subject: Re: How does the 250k bracket work? Date: 11/19/2012 10:54 AM
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Are they talkign 250k GROSS income?

Or 250k ADJUSTED gross income after deductions?"

Gotta be gross income....otherwise, how could 'limiting deductions ' work if you had already deducted them?

The new Obama tax form will be

1) How much did you make? _______________

2) Deduct 20% of line 1 ---------

3) New Taxes due ---------------

4) AMount withheld by
legal employer -------------- ( on W-2 form)

5) Amount that should
have been withheld ------------- (90% of line 1)

6) Subtract 4 and 5 from 3 --------

If line 6 is greater than zero, your taxes due are line 6

If line 6 is zero or less, you still owe $118, 239

If you would like to donate $1000 to the Obama Fund, please
indicate so

Yes _____-

No _______ (you will be contacted shortly about a mandatory re-education camp)

Please mail your check to

IRS - Obama TAx Collection Services
Washington DC.

PS. THere are no rebates for tax year 2012. or any year. Once we get your money, it is OURS to spend.

If you make an error in our favor, too bad. If you make an error in your favor, immediately send in 3 times that amount.

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