Is the 250000 Obama tax hike on gross or adjusted gross income?

Answer:
Adjusted Gross Income

Source:
U.S. Tax Policy Center

Last paragraph states:

"We estimated the cost of Senator Obama's proposals assuming that the Social Security proposal would impose a 2 percent income tax surtax on adjusted gross incomes over $250,000 and a 2 percent payroll tax paid by employers on employees' earnings above that threshold and that all of the provisions-including the higher payroll tax-are fully effective immediately."
Contributor: Jadeacres
First answer by ID1222554837. Last edit by Truthsquad. Contributor trust: 0 [recommend contributor recommended]. Question popularity: 3 [recommend question].