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Originally Posted by Brian Carlton
It's simply a petty argument to discuss the difference between $250K and $300K unless you are willfully derailing the discussion.
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Phew. Why does every conversation have to be an ordeal around here? Your example referred to an income of $300K. That's why I mentioned it. Last I heard, Obama was talking about raising the top marginal rates on people making $1 million or more. I haven't take the time to verify that figure because it's not going to happen anytime soon and harping on the precise figure seems like a petty sort of thing.
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What about the fact that such individuals already pay $100K in federal and state taxes and social security? Is this insufficient "giving back"?
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It seems about right to me, but I don't claim to know exactly what the appropriate rates are for each income bracket. As a general matter, the tax burden has been shifted toward the lower income earners more than it should be, IMHO.