Higher Taxes on 200k+

more exaggeration

so...if you're lucky enough to make 600 K...it appears that you're effective tax rate goes up over 250 K (married) by 4.6% that's 350K times 4.6 % or $16,100 or 2.7% or your gross income. also, you will lose 7% of the value of your deductions...lets assume that's 150 K
or 10,500. total hit is $26,600 or 4.4 % or total gross. guess it sucks but how many people would like to change places with our supposed 600 K victim?

at 300 K, 50K times 4.6% equals 2,300 and lets assume 75 K of deductions but only 50 K counts so another $3,500 total of 5,800 or 1.9% of gross income

if that's a nail in the coffin....

we all have to stop and think before we react.

Hey, it's hard to get enthusiastic about higher taxes - but I understand the need to shift the burden around some.

Some perspective. Imagine that you actually own your home free and clear. The "implicit tax-free rent" you receive is effectively worth that much more in a high tax regime than a low tax regime. Just like municipal bonds are worth more in a high tax regime than in a low tax regime.

Tax collectors and irish carpenters will save us.

For some one who makes just a tad over 250K, I presume the impact will be minimal?

So much of this hand-wringing is just stupid. For those just over $250K and even those who earn much , the increases may well be off-set by adjustments to the alternative minimum tax which is just the Republican's way of raising taxes during the last 8 years by doing nothing to adjust the AMT. Six of one, 1/2 dozen of another. For those who really earn big bucks, cry me a river--you'll pay more tax, you'll continue to live perfectly comfortable industrious lives, and America will go on.