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View Diary: WTF (278 comments)

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  •  Our tax system is not understood by most Americans (0+ / 0-)
    When one pundit suggested that a salary of $250,000 a year is not that much
    The $250K is not salary it is adjusted gross income (AGI) which is almost always much lower for most people.

    A person with an AGI of $250K may be making well over $250K in salary.

    These are not poor individuals even in expensive areas like NYC or SF.   We also aren't talking about increasing their taxes much either, only a few percent over the $250K amount.

    It is hard for me to understand why President Obama and his team have not done a better job in explaining this and also why they cave so easily on this issue when he won the election on it.

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