The Bush Tax Cuts will expire at the end of this year. The lowest tax bracket will increase 50%, from 10% to 15% of taxable income. The top tax bracket will increase only 13%, from 35% to 39.6% of taxable income.
That seem counter to the rhetoric that the Bush Tax Cuts were only for the wealthy. Their expiration will be very hard on low-income families.
Marvin L. Jones, Hollister