You realize that "throw us up into a higher tax bracket" means that only the money over the threshold is taxed at the higher rate? All of the previously received money is still taxed at the lower rate.I think there's a common misconception that bumping into a higher tax bracket is altogether "bad". In the end you're still taking home more money than if you hadn't. Uncle Sam just gets a few more pennies for every dollar over the threshold. I'm always pretty happy when I bump into the next tax bracket. "I made more money this year! Woo-hoo!" This asssumes I'm taking all of my appropriate deductions--otherwise I am just giving Uncle Sam the money for free...
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