WSJ Graph on Bush Tax Cuts show most under 150,000 pay less under Obama in 2011

[RamboLiberal]

http://online.wsj.com/article/SB10001424052748704719104575389540592147682.html

We all know how liberal leaning Obama loving is the Wall Street Journal. :sarcasm:

[FBaggins]

1. Is there any explanation of that?

What's the tradeoff for the family of four earning 85,000? If the "Bush" child tax credits expire and the 10% tax bracket goes away, their taxes should go up about $1,800. The table implies that they will instead go down by $800. What accounts for the $2,600 difference? Are there proposed tax cuts that I haven't heard about? The discrepancy is almost as high for the one earner family of four making $50k.

[KILL THE WISE ONE]

3. the democrats are trying to pass a tax cut to cover that - filibustered

[FBaggins]

4. Can you link to that?

I've only seen a proposal that extends the existing tax cuts for those making under a certain limit. This table claims that the cuts would go even farther (another $800 below that level).

[Fumesucker]

2. No one cares about people making under $150,000..

Apparently especially those who are making under $150,000 because they all expect to making in the millions next year, or maybe the year after that, or maybe they'll win the lottery.

/snark