Anything from 1,000,001 up. Different businesses and individuals have different profit margins and individual circumstances. If you are just barely making a profit or breaking even in 2012, then facing O-care and taxes on medical devices, you might have to lay off some people, or even go out of business. Now that we are on the road to Greece, the ratio of producers to takers is getting smaller, and producers include employees who might not have a job next year.
Obama is making welfare more attractive than ever (and the GOP's solutions for entitlements are not much better -- both parties are counting on unsustainable borrowing and money printing). By one estimate, 66 million Americans are receiving food stamps and/or Medicaid, and 21 million working for the government. Total 87M. 109M are working in the private sector. What's wrong with this picture?
Do they file for the $2M after deductions and business deductions?
Some with that that level of income will make it. I suspect others may not. You can argue that such businesses should not exist if they can't make adjustments to survive, but I think this economy is a lot worse than the one Clinton raised taxes on.
But let's assume that the GOP allows taxes for those above 250K to go up, the economy gets a lot worse, and the voters elect Jim DeMint POTUS in 2016. I have no confidence whatsoever that a GOP congress would save us from becoming Greece.
Maybe a super rich elitist snob like Romney was not the best person to convince voters of the merits of tax cuts for himself, err 'job creators' (acceptable code word) .
Hell, back with 2004 Kerry, Republicans despised those same qualities, GWB was the guy you wanted that beer with..
I know many Republicans told me :”I dont care. I love rich guys like Mitt. I want to be one myself someday so I want someone like Romney as POTUS”
See yourself as like Mitt someday??, by winning Lotto.?? No wonder O rules the country now.
Republicans brought their own problems on themselves.