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Old 12-23-2010 | 04:15 AM
  #9  
DeadHead
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2011 Tax Rate Schedules: Marginal Ordinary Income Tax Rates for 2011

Bit of a drift here, but the majority of people would have seen a tax increase had the Bush Tax cuts expired:

Until the Tax Relief Act was passed, the tax rates for 2011 were scheduled to change as follows:
the 10% rate would have been collapsed into the 15% rate;
the 25% rate would have become 28%
the 28% rate would have become 31%
the 33% rate would have become 36%
the 35% rate would have become 39.6%
These tax rate changes will take effect beginning in 2013 absent further legislation.


Point of interest here is that the two lowest income brackets would have been combined, effectively increasing taxes to the lowest income earners.
So essentially people making less that $8,375/year would have seen increase in there marginal tax rate of 10% up to 15%.

Personally, I don't think the lowest income earners get away with paying little to no taxes. It may just be that their write-offs/deductions/tax credits bring their federal tax obligations to a minimal level.
It's legal and legit, so you'll get no complaint from me.
My problem is with the people who enjoy an over-reliance on tax-financed social services/assistance. Individuals who collect unemployment while getting paid under the table while carrying no medical insurance and just deciding to mossy into the emergency room only to fit the bill. These individuals are a 10 fold strain on the economy in contrast to the single parent making less that $10k a year trying to support his/her family.

U.S. Politics prides itself on class warfare, fighting amongst ourselves tends to keep us preoccupied and distracted.

Last edited by DeadHead; 12-23-2010 at 04:26 AM.
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