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Subject:  Re: The Fiscal Cliff-Solving the wrong problem Date:  11/14/2012  4:07 PM
Author:  markr33 Number:  408507 of 539085

But at 56 with grown children and a paid off mortgage, a 5% increase in only those dollars which we earn above $250,000 will likely have little or no impact on our spending or change my level of investment in my law firm. Rather, it will have a minuscule impact on the amount of money I can put into savings or invest in stocks or bonds.

I'm not so sure about that. According to this calculator that I used, a typical couple with $250k income (MFJ) will see a tax hike of $19,221 in 2013. To me, that's not small change, and WILL definitely affect my spending and investment!

Here's a link to the calculator I used -
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