Married Couples with Incomes Between $250,000 and $300,000 Would Lose Only 1% of Their Bush Tax Cuts under Obama Plan versus GOP Plan

There seems to be a lot of confusion in the media and among the public about President Obama’s plan to let the Bush income tax cuts expire for joint incomes above $250,000 and single incomes above $200,000. Many people seem to think that couples and singles who make more than these amounts will lose all of their Bush tax cuts. This is not even slightly true.

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