[quote=SK in CV][quote=AN]I see you’re leaving yourself room. So, if I read it right, $250k income alone is not wealthy. Yet you support the tax on the wealthy with $250k….[/quote]
I support a higher marginal tax rate on annual taxable income over $250K. If you’re married, have a couple kids and a house, have a job that pays you around $275K, and no other income, you probably wouldn’t be subject to the higher tax rate. Doesn’t really matter whether you call that rich, or wealthy or upper middle class. Make another $25K, and your taxes go up by less than a grand.[/quote]
What about two new-ish doctors making $400k, no kids, no house, but they have $400k in student loan? That extra few grand saved in taxes can help them pay off the student loans quicker and help them save to buy their first home.
Btw, it does matter what you call them, because that is exactly how proponent of the tax increase is selling it to the masses. They don’t say increase taxes ok the upper middle class.
