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The Obamanation

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07-28-2009, 02:56 PM

#10

Happy Monkey

I think this line's mostly filler.

Join Date: Jan 2003

Location: DC

Posts: 13,575

Quote:

Originally Posted by TheMercenary

You need to re do your math. 5.4% of $280,001 is $15,120.1.

That may be, but it is irrelevant. 1% of ($280,001 - $280,000) is one cent. There are a couple more gradations, until it is 5.4% of anything over $1 million. So someone making $1,000,001 would pay 5.4 cents plus whatever the formula works out for the income between $1 million and $280,000.

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