So the big takeaway….
The 25% tax bracket extends from 67,500 to 200,000 for individuals, and for married the horrendous 35% tax rate doesn’t hit until $260,000
That’s actually better than I expected it to be.
Now, don’t forget to add the 15% social security and 2% ssdi fees
so our base tax rate for “middle class” is now 42% which makes us about as high as France. Except, we get no free education all the way to PhD no free health care no free year off to have babies with full pay, etc etc etc.
Remember serfs and slaves had a tax rate of 14% and we fought the American Revolution over a 4% tax.