Nov 062012
 

I'm having an interesting online conversation in response to a YouTube video:

The comment that caught my eye (and has since been removed) was "I pay 25% and I think people making $250,000 should do the same". And the conversation went downhill from there...

Me: I'd love to pay the same 25% tax rate you pay. Unfortunately, my rate is 33%. If Obama gets elected and has his way, we'll be paying 39% or more. Please tell me which part of the progressive tax code you don't understand. I'd love to have an opportunity to explain it to you.

Them: Oops my apologies I did the math wrong on my paycheck. 36% is what I pay. My apologies for my bad figure. So your progressive tax theory has a hole in it!

I'm completely speechless... but the whole "I make less money and pay more taxes" argument is starting to make a lot more sense.

Do yourself a favor. Teach yourself something about the tax code before you start spewing nonsense. For this year's rules, you can start with Forbes.