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It will HAVE to be lowered well into the MIDDLE CLASS as that’s where the volume of tax slaves reside.

And to all the white, guilt-riddled LIMOSINE LIBERAL IDIOTS who voted for this incipient Hitler, I’ll borrow a phrase from Gordon Ramsey: “PISS OFF.” I have NO sympathy for you. I reserve my sympathys for my kids and grandkids who are stuck with the tab for the dough he’s handing to every marxist group in the country.

And my instinct and brain tell me that the $250,000 bench mark WILL be lowered.

Already has been, per a WSJ article the other day on how Obama will cut the mortgage interest deduction for families in the 33% bracket ... which works out to ~$208,000.00 per year.

There'll be a gradual ramping up of taxes for lower brackets in direct correlation to the inability to tax higher brackets enough to meet spending needs. The Laffer Curve works both ways - increasing taxes is going to decrease government revenue. But not only that, it's also going to further damage the economy. My wife and I are in that 33% bracket. We're already cutting costs and socking away money to help soften the impact from the taxes we expect to be paying.

Obama is creating a self-licking ice cream cone here. He's putting in things that will decrease government revenues and reduce economic growth. Which will then be used as the justification for MORE government spending and MORE government intervention. By the time the American Sheeple wake up and figure out just how badly they've been scr*wed, it's going to be incredibly difficult to start undoing what's been done.

If you notice, the democrats have said “families” making over $250,000. That is an dishonest way to have the number at $250,000 and no definition in the tax code what is a “family”. There is single, head of house hold, married filing jointly, and married filing separately. But no “family”. Singles will get hit with a much lower number than $250,000. It is just another way Obama lies.

And my instinct and brain tell me that the $250,000 bench mark WILL be lowered.

Well they never linked the AMT to the rate of inflation, so now many people who the AMT was never designed to impact have to pay the AMT. Why would the $250K limit be any different?

And my instinct and brain tell me that the $250,000 bench mark WILL be lowered.

Ofcourse it will. It has to. Think about it--it's only two percent of the population. So, if he gets away with it for two percent...why wouldn't he move on to the top five percent? I'd imagine that's probably somewhere about 150k a year. There aren't enough in the 250 bracket, he'll have to lower it and he'll be emboldened enough to do it.

He still has his huge base of bottom feeders and fraud to keep him going.