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|Subject: Re: The Fiscal Cliff-Solving the wrong problem||Date: 11/14/2012 4:46 PM|
|Author: markr33||Number: 408514 of 510996|
My post clearly was talking about an increase in the marginal rate.
If you actually read what I wrote (the part that you did not highlight that precedes what you highlighted)...
... "a 5% increase in only those dollars which we earn above $250,000"....
A 5% increase in "only those dollars which we earn above $250,000" would mean an increase in our taxes in the amount of zero if we earn exactly $250,000.
Your response apparently covers a totally different scenario which entails a discussion of expiration of all the tax cuts.
I'm sorry I didn't read closely enough. The thread is talking about the fiscal-cliff and that is what I was referring to. As far as I am aware, nobody is proposing only a 5% hike on income above 250k.
And it isn't just due to expiration of the tax cuts. It is also due to the new taxes in ACA.
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