Fiscal Responsibility Bill [On President's Desk] (user search)

Purple State
Junior Chimp

Posts: 6,713

Re: Fiscal Responsibility Bill [Debating]

« on: November 27, 2009, 04:15:39 PM »

A preliminary estimate by the Office of the GM predicts this bill will bring in between $250 billion and $600 billion. A more detailed analysis will come in the next week or so.

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Purple State
Junior Chimp

Posts: 6,713

Re: Fiscal Responsibility Bill [Debating]

« Reply #1 on: November 30, 2009, 10:49:54 PM »

Quote from: sbane on November 29, 2009, 05:10:11 PM

Quote from: Senator Franzl on November 29, 2009, 03:46:39 PM

I'm not concerned about someone making over $2 million a year having to pay half or slightly more of what he makes over $2 million. We are only taxing at that rate from that point on, it's not like he's going to be paying over 50% of his total income!

Good point. Some people don't understand this is the marginal tax rate.

You know, I never understood that concept until just now. Good thing to learn.

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Purple State
Junior Chimp

Posts: 6,713

Re: Fiscal Responsibility Bill [Debating]

« Reply #2 on: November 30, 2009, 11:09:11 PM »

https://uselectionatlas.org/FORUM/index.php?topic=101096.msg2247252#msg2247252

Now you may all commence telling me how utterly incorrect I am.

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