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EOTE

(13,409 posts)
Tue Jul 31, 2012, 02:06 PM Jul 2012

If you're in that 36% range, that means that you're currently in the 35% range.

So that would mean that you're making over 250K a year. Now mind you that that additional 1% of taxation would not affect anything you've made under 250K, so that 1% would only be after 250K. I don't know what you make, but let's say you make 300K per year. If that were the case, that 1% would amount to an additional $500 per year. I think if you're making 300K per year, you could buck up and chip in another $500 per year to make up for how incredibly well you've done the past decade. Makes sense, no? And no, that number would not be over 1/3rd of your income unless you made substantially more than 250K per year. Do you see how tax brackets work now?

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