12/11/10

If Britney Spears makes about $64 million per year, could she bring in another $5,876,704 from President Obama's Tax Deal over the next two years?

If Britney Spears makes about $64 million per year,
compared to the Tax Cuts Expired scenario,
total tax liability for the Obama Plan scenario
could be $2,938,352 higher per year?


.................................Tax Cuts Extended................Tax Cuts Expired

Adjusted Gross Income...............$64,000,000.....................$64,000,000?

*Does not include interest, dividends or capital gains

Tax Liability...................................$22,373,989.....................$25,312,341?

Average Tax Rate.............................34.46%.............................38.98%%"?

$25,312,341 - $22,373,989 = at least $2,938,352 x 2 years = $5,876,704?
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Tax Plan: Tax Cuts Extended vs. Tax Cuts Expired
Tax Year: 2011
AMT Patch: AMT Patch in effect