'Out of the cradle, endlessly rocking...'

Monday, February 4, 2013

preparing for tax season around here...

     The relations that hold between tax brackets and tax rates are occult and weird.
     One can be in the 25% tax bracket, and only pay 18% in taxes. We never hear about this in all the ritual argument over taxes.
     Should congress raise taxes on people like me? I'd have to say yes, there's nothing else to be done.
     I will, in turn, do everything I can to shelter income. That's the game in the Big City.
     What's more, all increases will apply only to taxable income over a certain threshold. The relations that hold between taxable income and earned income are also occult and weird.
   
   

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