Turns out I've been operating under a total misunderstanding of the tax code

[Dark Jaguar]

Now THERE'S a big surprise. The whole thing's pretty confusing.

http://scienceblogs.com/goodmath/2009/03...horror.php

But this kinda irons it out for me. Currently everyone's terrified of a $250,000 dollar threshold at which point they'll get taxed high enough to take back less than if they made less. Well, everyone that makes that kind of scratch anyway.

Problem is, it appears our tax system doesn't tax the ENTIRE amount of your wages extra past that threshold, just the part of your income that actually goes OVER it gets taxed more. So in other words, it's impossible that someone making over it could ever take back less than if they made less money. It's still net profit.

So much for that scare tactic.

[A Black Falcon]

Taxes are very complicated, that's for sure... it's very easy to not understand tax law. Who does, completely, hopefully aside from people who work with it for a living? But yeah, you'd think that media corporations would be good enough to know something as relatively simple as that...

But hey, whatever attacks Obama's tax plan, right? The "Liberal" media is once again proving itself to be in no way liberal. "Moderate, change-averse, always-looking-for-the-next-scandal (to boost ratings) media", perhaps, more accurately? :)

But of course, when you do something as daring and bold as Obama's budget and its full-on assault on the lingering legacy of Reagan, you're going to get a reaction. On that note, a few days ago I came up with what I think is a good analogy for what Obama is trying to do... he's trying to exorcise Reagan's ghost, essentially. Will he be successful? I certainly hope so! :)