Some people were talking about keeping their earnings below $250,000 to avoid increased taxes.
If the rates are changed as proposed, the rate on your first $250,000 of income will be taxed the same as now.
It is only on earnings over $250,000 that there will be the 3% additional marginal tax.
Make $300,000 next year the additional tax would be $1,500. Not good but not earth ending. Let’s hope there are spending cuts.
courtesy of: http://www.DuaneGomer.com
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