Thursday, July 22, 2010

The Tax Tsunami On The Horizon - Investors.com

The Tax Tsunami On The Horizon - Investors.com

That's right! On top of all the local tax levies, local income tax increases, the retroactive state income tax increase, fees, ..., here comes the federal income tax increases:

"The lowest bracket for the personal income tax, for instance, moves up 50% — to 15% from 10%. The next lowest bracket — 25% — will rise to 28%, and the old 28% bracket will be 31%. At the higher end, the 33% bracket is pushed to 36% and the 35% bracket becomes 39.6%."

It's just foolish to raise taxes right now, foolish.

No comments:

Post a Comment

We don't Censor...we just make sure its polite and factual! Accusations made against private citizens will not be tolerated. Public Officials, past & present, or those seeking office do not enjoy the same treatment. If you don't like it...don't run for office!