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View Diary: Bartlett:  Teabaggers Totally Ignorant About Taxes (276 comments)

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  •  I calculated AGI by (2+ / 0-)
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    Pinecone, bushondrugs

    Base earned income + $3650 + $5700 (standard deductions) by the tax table rate, but I didn't do any calculations for married filing jointly (if they file jointly they already get a big break, see the tax tables). I calculated only for filing single (lazy Saturday...).

    If it is true that $40K-$50K people get that big of a break with tax credits, then people making $20K-$30K probably qualify for tax breaks too.

    If this is true, the tax structure seem regressive against single people.

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