@eyokley wouldn't it only be a tax cut if you make less than $30K?
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@jrosenbaum@eyokley Should be a cut for those making less than 300K. Current rate is 6% on income above $9,000 -
@CoreyHusak@eyokley this is from the press release announcing the tax plan:pic.twitter.com/kaVCx0myOW
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@jrosenbaum@eyokley Right, but its a marginal tax rate, not a total tax rate. So even if you make 60G, the first half of your income... -
@jrosenbaum@eyokley ...is taxed at 4%, not at 6% for income from 9-30G under current system. Results in net tax cut for all up to ~300G -
@CoreyHusak@eyokley gotcha. That's where I got tripped up.
End of conversation
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@eyokley Any hidden new taxes like SB253?Thanks. Twitter will use this to make your timeline better. UndoUndo
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