Wednesday, January 02, 2013

Just Remember

Everyone who is permitted to address you today on the idiot box regarding the "Fiscal Cliff" legislation has just had his or her top marginal tax rate increased, at least theoretically.

Calibrate accordingly.

Update:  Edited for clarity.


Ken Houghton said...

Everyone who earns under $113K a year has just had their direct taxes increased.

Everyone who is passing on an Estate now has a massive amount of valuation to play with and--unless their death is VERY unexpected--has significantly reduced liabilities.

Roger said...

Doesn't the payroll tax apply to everyone (on payroll), with the $113K cap making it regressive?

Anonymous said...

The Estrate tax is about the biggest lie imaginable.

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I read that as "celebrate accordingly".

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