2 thoughts on “How Tax Brackets Work — $250,001 Will Pay Five Cents More Tax

  1. Have you ever heard of ” Nickel and Dime you to Death” What about the millions who don’t even pay that 5 cents for the privilege of living off this land and in this country. They only have there hand out looking for that 5 cents

  2. First of all, this explanation is very cleverly worded to mislead–just as most liberal discussion is.
    First of all, people earning $250,001 have *already* been taxed $87,500 and $0.35 on that extra dollar. So, an additional hike of 5% means the government still takes 35% of that dollar, plus the extra 5%. ***So, $0.40 of every dollar over the bracket amount goes to the government.*** That’s pretty much 50% of your income when you take into account state and local taxes–FIFTY PERCENT OF YOUR INCOME. So, regardless of which dollar is taxed at which amount, $0.05 more than what is already too much is indeed a little upsetting. Simply saying “5 cents” is misleading.

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