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View Diary: Actual Fiscal Curb Deal #'s - or - Why the angst re: $400K/$450K when the CED rates are ~600% worse? (33 comments)

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  •  Marriage penalty worse at $200K/$250K for some (0+ / 0-)

    If rates had been raised at $200K/$250K thresholds, two wage earning spouses each earning over $125K would have flipped  into the highest bracket on the next dollar of income and that would have affected a larger number of two worker couples.  Both spouses also pay the maximum social security tax so that would be a pretty high combined tax rate.   At $400k/$450K there may still be a marriage penalty for a few couples where both have a high salary, but the social security tax is a lower percentage of overall income.

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