[fruser1]

That’s the idea- an artificially imposed financial glass ceiling.

Progressive income tax rates have a comparable effect.

Government should not be in the charity business.

[volare737]

Exactly. “Means testing” is the liberals’ favorite method of wealth redistribution.

[Paladin2]

Taxes are unaffordable for the taxpayers.

[volare737]

Yes, there are twelve different items of “means testing “ in our tax code now. Trump added another one with social security and if he gets those tariff refunds— he’ll be adding even another!

The financial glass ceiling keeps getting thicker and thicker. Punish success and redistribute the wealth—Mandami and Bernie Sanders love it. Class envy and class warfare is alive and well.

[rhinohunter]

Progressive income tax rates have a comparable effect.

Absolutely!

I can’t believe he didn’t include these considerations in his article. There’s also the long term capital gain and dividends which are ZERO below about 40k or 45k. There’s the obamacare subsidies which disappear instantly above a certain threshold. There’s foreign tax credits which can easily be fully claimed below $300, but which is subject to complex testing above $300 which someone earning less than $50k is probably not going to pass.