Reply to Harris tax plan - raising taxes on high earners

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Their idea of high earners isn't location specific (COL is vastly diff in diff locations) or adjusted for inflation or considers 1 income households vs 2 income households (childcare exp. etc).  It's simply stupid to consider 2 income household in a VHCOL area earning 400K to be "rich" or high earner anything.  Likewise their poverty line is absolutely ridiculous and out of touch.  I have no issue with slamming more brackets at HHI over 1 mil or taxing capital gains beyond a certain amount (like 1 mil in passive capital gains) at higher rate. But their limits on what they consider any type of "wealth" or excess are absolutely ridiculous. [/quote]

[b]It’s $400k in taxable income.[/b] So probably $600k or so in actual income. That is a high earner even in a VHCOL area. [/quote]

+1. People seem to really struggle with this concept.
[/quote]

Tell me what deductions people can create to reduce 600K earned income to 400K? [/quote]

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