Wednesday, November 21, 2012

Math Class Warfare

Rachel Maddow explains how raising taxes on incomes over $250,000 works.

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If you can’t watch videos at work, what she’s telling us is that people who are freaking out about plans to raise taxes on those who make over $250,000, the hike will only effect the income over $250,000.  So if you make $250,001, the higher rate applies only to the $1.  ABC News and the New York Times are not making that clear.

Not only that, anyone who makes over $250,000 and doesn’t have the intelligence to hire an accountant to manage their money deserves to pay all the taxes we can squeeze out of them.

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