• Obama’s Tax Plan and You

  Filed under Economy, Finances, Politics
  Mar 26

  Just how will your taxes be affected by Obama’s new tax plan? It varies widely by marital status and income, but let’s look at how most of us would be affected.

  The median household income is right around $35,000. If you fall in that area, you will pay less taxes, about $400 less per person in your household.

  If you make anywhere from $35,000 to $125,000, you will get the same benefit. $400 for an individual, $800 for a couple. Not bad.

  If you make between $125,000 and $250,000, your taxes will not change. Nothing more, nothing less. You are unaffected by the tax plan.

  If you make $500,000 or more, basically you are very wealthy, you stand to pay a lot more in taxes. The Bush tax cuts will expire and your tax bracket and rate will increase.

  You can see more details at MSN Money.

  No Comments

Leave a Reply

Name (required)

Mail (will not be published) (required)

Website

CAPTCHA Code