Even though the election is over, I still find myself having arguments with friends, co-workers, roommates, etc. about the proposed Democratic tax plan. The gist of their argument is that if a person makes over $250,000, their personal income tax will be increased by some large percent (15% is what I’ve heard most often). So, for future argumentative purposes, and for general clarification, here is a very nice visual representation of both parties proposed tax plans from the rather neutral news outlet The Washington Post:

As you can see, only those in the top 1% of the earnings bracket will see a tax hike under the proposed Democratic plan and it will be (at most and for the super-rich only) 11%.

So please world, if you’re thinking about mentioning this to me or anyone else in the near future, get your facts straight. There’s no excuse in this age of information to be confused about these issues – especially, when it’s about your hard-earned dollars.

Now back to your regularly scheduled programming.

This entry was posted by jon on Friday, November 7th, 2008 at 6:04 pm and is filed under journal. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.