>>But for a family of two professionals that have a career of 25 or more years, making 250K is not out of the ordinary. And they are not rich; even though they belong to the 1-2% of higher earners. If you live in NYC you will pay more than 50% for every dollar you make (federal, state, property, fees, etc.) And not much less in my liberal state.
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>But if you're making $260K, the new rate would apply only on that last $10K. That's what's so absurd about this whole discussion. We're talking about _marginal_ tax rates.
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>I appreciated George Takei's take on this:
http://www.allegiancemusical.com/blog-entry/tax-me-please>
>Tamar
The issue is the principle of punishing for success. I would not put the line at $250K or $350K or $1M. People (aside from some lower income people) should pay the same % tax on every dollar they make.
"The creative process is nothing but a series of crises." Isaac Bashevis Singer
"My experience is that as soon as people are old enough to know better, they don't know anything at all." Oscar Wilde
"If a nation values anything more than freedom, it will lose its freedom; and the irony of it is that if it is comfort or money that it values more, it will lose that too." W.Somerset Maugham
