Quote:
Originally Posted by piece-itpete
I somewhat agree about calling them hikes, but they sure ain't cuts and we will be paying more at a very bad time.
I find it interesting that the GOP lowered the poors tax rate to 10% and there is no move by the Dems to keep it there.
Pete
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The timing is certainly poor with the stalled recovery.
As for the lowest marginal tax rate, it may not make that much difference with all the credits, etc. on the low end (i.e., 10% or 15% of an Adjusted Gross Income of zero is still zero).