Reply to 2013 Itemized deductions and HHI, why is my effective so high, what are we doing wrong?

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Reply to "2013 Itemized deductions and HHI, why is my effective so high, what are we doing wrong?"

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[quote=Anonymous][quote=Anonymous]Yep, and I'm one of them.

You make a fortune because you live in a society that gives you the opportunity to make a fortune. You should be expected to give back in accordance with the blessings you enjoy.

Our current tax code doesn't go anywhere near far enough, in my opinion. Consider yourself lucky you didn't hit it rich in the  1970s, when the top marginal rate was 70%.

Please stop complaining about how much money you make. It's just ugly.[/quote]

It's good to know that President Obama reads this forum!

Those talking about marginal tax rates are missing the point.  There have been a slew of tax increases during the Obama Administration on those making more than $250(married)/$300(single) that don't touch the marginal tax rate.

And, yes, the fact that, after the first $50,000, a spouse's income is effectively taxed at their partner's highest marginal rate does encourage people to leave the work force.  When I figured out what I was taking home, after tax, childcare, clothing and commuting expenses, working just didn't make sense.  However, I guess this is a feature for liberals -- remember when they were promoting the fact that Obamacare would allow people to quit their jobs?  [/quote]

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