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View Diary: NYT: Senate Dems seek one-year 'pause' in sequestration cuts as part of deal (164 comments)

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  •  $250k was the opening bid, not the goal. (1+ / 0-)
    Recommended by:

    $100k to $200k = 11.3% of taxpayers
    $200k to $300k = 3.5% of taxpayers

    There's a difference between the two brackets.

    50% of taxpayers who earn between $100K-$200K pay the majority of their income tax as payroll taxes (source).

    That percentage ranges from 60% to 80% in the lower brackets, in the $200K-$300K range it drops dramatically to 8%.

    This is the lowest bracket of highly compensated professionals who earn income as fees or corporate draws, partners who share year-end profits, CEO bonuses, and individuals who have substantial unearned (investment) income.

    Have you noticed?
    Politicians who promise LESS government
    only deliver BAD government.

    by jjohnjj on Mon Dec 31, 2012 at 10:30:54 AM PST

    [ Parent ]

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