Thursday, November 22, 2012

Math class warfare

By Mustang Bobby

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

Visit NBCNews.com for breaking news, world news, and news about the economy

If you can't watch the video, 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. 

(Cross-posted at Bark Bark Woof Woof.)

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