Quote:
Originally posted by Sparhawk
I've only heard that Kerry will roll back the tax cuts for those making $200,000 and up. That doesn't sound like middle class tax increases to me, sorry.
|
That depends upon the geography. Take the major metro areas - and $200K is middle class (ie, the combined income of a marketing director and a nurse). Factor in the continuation of the marriage penalty, the alternative minimum tax, and lack of real indexing for inflation - and within a few years, more and more middle class people will creep into the higher tax brackets.