Not sure if anyone addressed this above, but the "tax bracket" you're in only applies to income you earn IN THAT BRACKET. So let's say you were making $251,000 and we raised the tax on incomes above $250,000 to 100%. Your taxes would go up by one dollar.
My googling of tax plan analyses during the election suggests that Obama's plan would raise taxes on families earning between $250-300k by less than $200 a year. Returning to the Clinton tax code would raise them by $10k, which, OK, complain a little bit. But if you're making more than $250,000 a year and say publicly that you can't afford to take a $200 hit for the good of the other 260, 270 million people in this country who aren't so lucky? Cry. Me. A. Fucking. River.
By stuffisthings on Are They Paying Too Much in Taxes?
Not sure if anyone addressed this above, but the "tax bracket" you're in only applies to income you earn IN THAT BRACKET. So let's say you were making $251,000 and we raised the tax on incomes above $250,000 to 100%. Your taxes would go up by one dollar. My googling of tax plan analyses during the election suggests that Obama's plan would raise taxes on families earning between $250-300k by less than $200 a year. Returning to the Clinton tax code would raise them by $10k, which, OK, complain a little bit. But if you're making more than $250,000 a year and say publicly that you can't afford to take a $200 hit for the good of the other 260, 270 million people in this country who aren't so lucky? Cry. Me. A. Fucking. River.