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Reply to "In a strictly financial sense, who should I vote for if my family makes < $200K/year"
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[quote=Anonymous][quote=Anonymous]Here are the tax rates if you want to calculate your new taxes without the Bush Tax cuts (based on taxable income): Pre-Bush Tax Cuts /(What the Dems want): $0 to $25,750 = 15% $25,750 to $62,450 = 28% + $3,862 $62,450 to $130,250 = 31% + $14,138 $130,250 to $283,150 = 36% + $35,156 $3,862.50 + 25,750 $283,150+ = 39.6% +$90,200 Bush Tax Cuts (Current Rates) $0 to $8,500 = 10% $8,500 to $34,500 = 15% + $850 $34,500 to $83,600 = 25% + $4,750 $83,600 to $174,400 = 28% + $17,025 $174,400 to $379,150 = 33% + $42,449 $379,150+ = 35% + $110,016 [/quote] Romney's plan drops the bush tax rates another 20% lower[/quote]
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