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Lurker Deluxe

(1,039 posts)

10. Actual number

Reply to unblock (Reply #5)

Tue Nov 27, 2012, 02:43 PM

Nov 2012

You are right, those cuts did effect every bracket. If you made 26K and are single your tax bill would increase by 421 a year, or just over $8 a week.

Those lower rates need to be preserved up to $250k.

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How would ending the Bush taxcuts affect those making less than $26,000 per year? [View all] kentuck Nov 2012 OP

$50,000 a year isn't that much SoCalNative Nov 2012 #1

It's a 20-year teacher in California, I suspect. Needs a second income. libdem4life Nov 2012 #4

The Minimum Wage should be $25 an hour n/t leftstreet Nov 2012 #2

Why? There are still people making less than $26000 a year? Mass Nov 2012 #3

even the lowest brackets were part of the shrub cuts unblock Nov 2012 #5

Actual number Lurker Deluxe Nov 2012 #10

Would this actually impact these folks? kentuck Nov 2012 #15

I am collecting Social Security, RebelOne Nov 2012 #6

as long as you are below a certain threshhold. We are NOT below that number SoCalDem Nov 2012 #11

I recall my taxes being EC Nov 2012 #7

Won't be noticeable. nt bluestate10 Nov 2012 #8

The rate will go from 10% to 15%, which is a 50% increase. That will be noticeable. n/t pnwmom Nov 2012 #14

what will happen to the earned income credit? RepublicansRZombies Nov 2012 #9

I make less than $26,000 per year. SheilaT Nov 2012 #12

Our side never says "I told you so" but we obviously need to, and rub it in their faces over & over RepublicansRZombies Nov 2012 #13