Stinque: On the Tax Cuts

"Without getting deep into numbers, let’s just note that Obama advocates letting the top marginal Bush tax cuts expire. This means that all your income up to $250,000 will benefit from the same extended tax breaks as everyone else. It’s only the income above $250,000 that will be taxed at the confiscatory Clinton rates. Say your income is $300,000: Instead of paying $16,500 on that last $50k, you’ll be paying $1,500 more.

Or — hold on a sec — $4.11 a day."

Stinque - A Quarter-Million Doesn’t Go As Far As It Used To