before you say that
I am in a high income bracket (not quite the top 1%) and my marginal tax rate is now close to 50%. If I need to bring $1 into my budget for something, I need to earn $2 to have it left over after paying taxes on it. No one is crying for me and I don’t expect them to, but being just inside the higher tax brackets is brutal. All your deductions roll off, and the tax rate just keeps climbing.
I paid somewhere between 25 and 30 percent of my gross, not net income last year in state and federal taxes alone. Would you like the government to take one out of every 3 dollars you earn? And that doesn’t count FICA, sales tax, etc. Now the dems want to raise my tax bracket. I may quit working altogether - I’m sick of it
The govenrment isn’t working all night long, on holidays and weekends after paying hundreds of thousands of dollars to get the education to put you in that bracket in the first place. I don’t mind paying my fair share, but the taxes on the upper brackets are far from fair, and not all of us are Warren Buffet
/rant off