Reply to Mitt Romney's tax increase on Northern Virginians

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[quote=Anonymous][quote=Anonymous]So all Northern Virginians make $200K+ HHI?  I don't.  Average HHI in Fairfax and Loudoun, the richest counties in America, is about $115K.

Shouldn't people who make over $200K/year pay their "fair share?"  That's what Obama thinks.

And the news bite said that Romney was 1) giving a hypothetical, and 2) he would concomitantly lower the tax rates for the middle class, such that middle class people would owe less tax.  [/quote]

What you say is true. What surprised me is that under some scenarios, Romney would tax people who live in this are MORE than Obama.

Take your $115,000 average income example. Under Obama, they pay nothing more since his policies wouldn't start to charge them more until they earn another hundred grand or so.

But a $17,000 limit on itemized deductions as Romney proposes (that's not a hypothetical -- it's an actualy number he's put out), could have the net effect of higher taxes, even with a rate reduction.

And, yes, it's quite common for people in NOVA to earn $200,000. That's two working spouses in senior management. Hardly unheard of.[/quote]

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