Tax Cuts for earnings up to 250K…no matter who earns it


Ezra Klein explains the Obama “Tax Cuts for the middle class” aka partial Bush tax cut extension are actually a tax cut for everyone.

Obama’s “tax cuts for the middle class” aren’t actually tax cuts for the middle class. They’re tax cuts on all family income up to $250,000. So if you make $300,000 a year, you’re getting a tax cut on $250,000. That’s a serious tax cut!

via Ezra Klein – Tax cuts for the middle-class are also tax cuts for the rich.