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For $151,000 it is 15% on the first $150,000. It is 35% of the next $1,000. It's called a marginal tax rate. There will be lots of people making pre-tax contributions to reduce the impacts. I've been on both sides of that line in the last few years. In my current 32 hour per week mode, the new plan would be better. At 40 hours per week, the extra income earned would get hammered hard. It might not be worth the effort. Idaho is taking 8% of everything over $100k right now, so I lose 23% from $100k to $150k, then 43% from $150k up. That's just income tax. There is still social security and medicare when takes the percentage over 50%.

Yeh I didn’t even bother to throw in Medicare and SS. The whole thing is just BS IMO. It stinks. Scrap the income tax. Or just charge everybody the same rate. I don’t think MItt Romney should or Donald Trump should have to pay 35% of their hard earned income to the govt. Its ridiculous. The only good think Bush ever did was the tax cuts and now they are gone.

Before the Bush tax cuts I worked my butt off scrimped and saved and still could not afford to buy a small cabin in the mountains for my dream (yes I dream small) getaway. After the Bush tax cuts all of a sudden I managed to save a hefty down payment and got my place.

The only way the average American can ever truly get ahead is if they get to keep all of the money they make. We need to go back to the sales tax which worked just fine before WWI.