Remember, that extra 4% will only apply to the income above the higher tax threshold — the higher tax rates aren't average rates, but marginal rates.
My concern is still the marginal tax rate hike will hurt incentives, at both ends of the income scale (at the low end because of subsidy phase-outs), and therefore raise “chump change” in terms of additional revenue to pay for promises made that amount to anything but “chump change.”
I think Obama will have to break some promises here.
No way....!!
What are you saying...!!??
That can't be...!!!
I see chickens roosting.........