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No. of Recommendations: 6
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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