hershi: That refers only to the Income tax (what you file the 1040 form for, with joint returns, graduate rates, deductions). They also raised the “Payroll tax” from 4.2% to 6.2%, which is on all earned income up to roughly $105,000, per person (double that limit if both spouses earn the maximum or better). While only about the top 10% will be affected by the increase in the income tax, 75% pay payroll tax (the rest are unemployed or living off savings or welfare or charity), so for 2/3 of the country what matters is the increase in the payroll tax.
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