Sunday, February 14, 2010
Another Obama Tax Hike - WSJ.com
This article describes the sneaky implications of effective marginal tax rates (EMTR).
It seems like subterfuge at it's worst; and, it affects everyone...
It seems like subterfuge at it's worst; and, it affects everyone...
Douglas Holtz-Eakin and Alex Brill write this and more in the Wall Street Journal:
"The Senate health-care bill would raise effective marginal tax rates on lower and middle-income singles and families up to 41%."
"This year marks a crucial time in the future of tax policy. The tax laws enacted in 2001 and 2003 will sunset, along with the recent tax credits included in the so-called stimulus bill. As Congress thinks about the future, we hope it puts full weight on the importance of a tax code that supports the ability of the poor and middle-class to achieve their dreams."
