teacherone
04-06-2011, 01:48 PM
according to dailykos
Honing in on his plan to lower all individual income tax rates to 25 percent...
Who would see a tax cut in Ryan's budget?
EVERY SINGLE MEMBER OF CONGRESS!
That's right! Currently members of Congress like Paul Ryan are paid a base salary of $174,000 per year.
For this salary, they are currently taxed in the 33 percent income tax bracket, but Ryan's budget would have them taxed instead at the 25 percent rate currently enjoyed by individuals who make between $34,001 and $82,400.
This amounts to a tax cut for members of Congress like Paul Ryan of $13,920 per year!
For Speaker of the House John Boehner, who makes $223,500 per year, who is also currently situated in the 33 percent tax bracket, he will see a base increase in take-home pay of $17,880.
http://www.dailykos.com/story/2011/04/05/950535/-Ryans-budget-increases-Congressional-pay-$14,000-per-year
Honing in on his plan to lower all individual income tax rates to 25 percent...
Who would see a tax cut in Ryan's budget?
EVERY SINGLE MEMBER OF CONGRESS!
That's right! Currently members of Congress like Paul Ryan are paid a base salary of $174,000 per year.
For this salary, they are currently taxed in the 33 percent income tax bracket, but Ryan's budget would have them taxed instead at the 25 percent rate currently enjoyed by individuals who make between $34,001 and $82,400.
This amounts to a tax cut for members of Congress like Paul Ryan of $13,920 per year!
For Speaker of the House John Boehner, who makes $223,500 per year, who is also currently situated in the 33 percent tax bracket, he will see a base increase in take-home pay of $17,880.
http://www.dailykos.com/story/2011/04/05/950535/-Ryans-budget-increases-Congressional-pay-$14,000-per-year