[Georgia Girl 2]

U R kidding me? 35% for $151,000? That’s nuts.

Just get rid of the income tax. Period. These guys just can’t let go of the teat. I don’t care who they are they just can’t conceive of not taxing your income.

I can’t believe Mike Lee has hatched this looney idea. Rubio I am not surprised.

[Myrddin]

For $151,000 it is 15% on the first $150,000. It is 35% of the next $1,000. It's called a marginal tax rate. There will be lots of people making pre-tax contributions to reduce the impacts. I've been on both sides of that line in the last few years. In my current 32 hour per week mode, the new plan would be better. At 40 hours per week, the extra income earned would get hammered hard. It might not be worth the effort. Idaho is taking 8% of everything over $100k right now, so I lose 23% from $100k to $150k, then 43% from $150k up. That's just income tax. There is still social security and medicare when takes the percentage over 50%.