When the Bush Tax Cuts expire everybody will pay more taxes:
The 35% tax rate will become 39.6%
The 33% tax rate will become 36%
The 28% tax rate will become 31%
The 25% tax rate will become 28%
The 10% tax rate is eliminated
Tax on dividends will increase from 15% to 39.6%
The cap-gains tax goes from 15% to 20%.
The estate (death) tax goes from 0% to 55%!
I can’t wait until Obama supporters figure this one out when their tax bill goes up. Democrats might as well not even run for office after 2010.
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