>Well $250,000 a year might not be that much to you - but for almost ALL Americans it's way more than they will ever earn. Doing this will not make the economy worse.
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>$250,000 is a lot more than I earn in a year. However, most small businesses are run as S-corps where the income flows through to their personal taxes and they DO make more than $250,000 a year. Squeeze them with taxes and the jobs they produce will dry up because the tax man will take away the money that they could have put back into their businesses..

True, but I view an S-Corp to more a special case of personal biz.
There always is the option to form a real corp as a separate tax identity, which will be interesting for higher incomes.