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Originally Posted by Wagner
I don't think you pay federal income taxes if you make $19,000 
So people making near 3M get a 18% tax increase, $603,400 gets a 15.5% increase, $227,000 gets a 0.0005% increase? That seems fair 
Not sure why we continue to punish people who are successful. Wonder how long those businesses (because people with that amount of money, generally own a business or play a significant role in one) will stay in the US, will raise their end prices and reallocate their money
And with McCain, 2.8M gets a reduction of 10%, $161K get a reduction of 3%, 0.0086% reduction for $37K.
The difference, based on these numbers from McCain and Obama for the peeps making between 37K---227K would be: $8,376 vs $7,313 |
I am not sure your percentages are correct. The data provided by LemansX5 represents avereges for each bracket. For example:
$603K-$2.87M will see an increase of $93K
To calculate the percentage increase = 93K/[(603K+2.87M)/2] = 5.35% not 15%
At least that is how I read it!
Even within these brackets, I would think, the taxes would be progressive. A round 3% increase for those around the 250K and maybe 6-7% for those around the 2.87 M.