Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Incitatus

(5,317 posts)

10. After decuctions, if you are still over 250k taxable the amount of additional taxes you have to pay

Reply to bbinacan (Reply #3)

Sat Jul 14, 2012, 08:02 PM

Jul 2012

should be fairly low. I do acknowledge that some in that range work a lot harder than others. I don't think 4.9 percent on taxable income over 250K is a burden regardless of how hard someone worked for it. I also think 39.9 should not be the top tax rate. When you are dealing with 7, 8, or 9 figures it should be significantly higher.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

10 replies

= new reply since forum marked as read

Highlight:

Taxes And Your Share By Income [View all] bbinacan Jul 2012 OP

$250,000 is the 97th percentile. RC Jul 2012 #1

We need to increase revenue without hurting the working class. Where do you suggest the line be? Incitatus Jul 2012 #2

We should not hurt the working class bbinacan Jul 2012 #3

After decuctions, if you are still over 250k taxable the amount of additional taxes you have to pay Incitatus Jul 2012 #10

$250,000 is a sop to make us think something is being done. RC Jul 2012 #4

Thanks for the clarification. Incitatus Jul 2012 #9

My sole income is social security, so I am at the poverty level. n/t RebelOne Jul 2012 #5

You're Welcome bbinacan Jul 2012 #6

It probably is the case that they paid into SSI all their lives as most of us have Vincardog Jul 2012 #7

Federal Income Tax Brackets by Tax Year (calculator at website) steve2470 Jul 2012 #8