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by djrogers
3351 days ago
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> he said if he goes one dollar over 250k he would make less than if he had not gone over that threshold. That actually is theoretically possible - there are numerous tax credits and deductions that come with income caps, and while they are generally phased out, it's not always a smooth slope, and can have some cliffs. Obviously he'd be in a very odd and like one-time situation if that were the case, but it is possible with how screwy our tax system is. |
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That scenario is possible, sure. either way it's disingenuous to make the claim that they would lose money by making one more dollar when the tax breaks were not part of the discussion and that cliff would exist regardless of the marginal tax rate on the high earners(which they were discussing). I am ALL for simplifying the tax code to remove subsidies and loopholes and other complexities to the tax code. I am not for removing the progressive nature of the tax code.