Sunday, August 15, 2010

Chart of the weekend

Courtesy of the Washington Post....



I'm not saying that one plan is better than the other but I think it's important to consider that the bulk of the tax cuts under the Republican plan go to those making over $1 mil/year. Now, put yourself in their shoes. If you made $1 mil and saw your tax bill fall by $100k would you treat yourself to a new M5 or reinvest in your business and hire a few new employees. It's not a black and white issue, but this chart is pretty informative.

Where do our potential congressional candidates stand on this issue? What percent of NY-23 residents have taxable income of over $1 million?

Cheers!

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