Recently I realized after reading a comment on this website that everyone’s earned income *is* taxed the same. If you earn $200K/year your first $15K is taxed at the same rate as the first $15K of someone who earned $20K or $2MM.
Consequently, reducing tax rate on 82K-171K bracket benefits those who earn $2MM/year more than those who earn $100K/year even if the 172K+ bracket does not get reduced.
Since I don’t benefit from the additional 13 months of unemployment benefits, college-tuition tax credit or reduced rate on $250K income I am strongly against those. The 2% SSI reduction, child tax and equipment cost write off are great and worth borrowing money from whomever is willing to lend it.
