Quote:
Originally Posted by MelBridgeman
Think it's the 2 percent that is misleading.
If your taxable income is 100K your tax was 10K
With a 12 percent rate it is now 12K that's not 2 percent more that's 20 percent more
10K-12K=2K
2K of 10K is 20 percent.
You are paying 20 percent more taxes now.
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But cash is king brotha
How much less cash do I have after your draconian 20% tax increase?
88k vs 90k or 2.2% less.
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