Obama Surtax Effects in Pennsylvania

The Heritage Foundation has the breakdown of how many Pennsylvania residents and small businesses would be effected by the “surtax” to pay for nationalize health care (HT to PA Water Cooler)

The Tax Foundation looks at the effect the surtax would have on marginal rates – noting that in Pennsylvania, the top tax rate (the government’s take on each additional dollar earned by those in the top bracket) would exceed 51%. They also provide analysis on how much of that tax increase would fall on small businesses.