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TheRealMafoo said:
akuma587 said:

No way, Obama would never raise it above 40%.

Why do you think that? It would be the first Democratic controlled Washington in History not to.

What's that saying about crazy? "Doing the same thing over and over, and expecting a different result" or something? :p

Wage income:

1993 39.0
1994 39.0
1995 39.0
1996 39.0
1997 39.0
etc.

 

Marginal Tax Rate Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10%

$0 – $8,025

$0 – $16,050

$0 – $8,025

$0 – $11,450

15%

$8,026 – $32,550

$16,051 – $65,100

$8,026 – $32,550

$11,451 – $43,650

25%

$32,551 – $78,850

$65,101 – $131,450

$32,551 – $65,725

$43,651 – $112,650

28%

$78,851 – $164,550

$131,451 – $200,300

$65,726 – $100,150

$112,651 – $182,400

33%

$164,551 – $357,700

$200,301 – $357,700

$100,151 – $178,850

$182,401 – $357,700

35%

$357,701+

$357,701+

$178,851+

$357,701+

 

I wanted to add, because even the lower brackets over the last two decades are living at much better standards of living, they have been paying more taxes (in dollars, not %)  Notice when republicans are in office, in the last two decades, the lowest bracket pays 0...

I feel like I am no Mythbusters.  This is how Republicans buy votes of the super poor (which are a really small percentage of the population btw)

Notice, the middle (40k) actually paid a lower % from 87-97.

This table is actual payments, after deductions.

10 20 40 100 200 400 1m
1975 -10.0 10.0 19.0 31.0 49.0 49.0 50.0
1976 -9.0 9.0 18.0 32.0 50.0 50.0 50.0
1977 -10.0 10.0 19.0 36.0 50.0 50.0 50.0
1978 -10.0 24.0 19.0 38.0 50.0 52.0 50.0
1979 -10.0 26.0 20.0 43.0 50.0 50.0 50.0
1980 -9.0 26.0 20.0 42.0 52.0 49.0 50.0
1981 -2.0 18.0 23.0 48.0 50.0 50.0 50.0
1982 0.0 13.0 22.0 44.0 49.0 49.0 50.0
1983 0.0 12.0 18.0 40.0 48.0 50.0 50.0
1984 12.0 14.0 22.0 37.0 49.0 49.0 50.0
1985 12.0 14.0 22.0 41.0 48.0 50.0 50.0
1986 12.0 13.0 21.0 42.0 49.0 50.0 50.0
1987 9.0 25.0 14.0 34.0 38.0 38.0

38.0

1988 0.0 25.0 14.0 28.0 33.0 28.0 27.0
1989 0.0 24.0 14.0 27.0 32.0 28.0 28.0
1990 0.0 25.0 15.0 31.0 32.0 27.0 27.0
1991 0.0 27.0 15.0 28.0 38.0 30.0 31.0
1992 0.0 27.0 15.0 28.0 38.0 31.0 31.0
1993 0.0 28.0 14.0 31.0 44.0 39.0 39.0
1994 17.0 32.0 15.0 31.0 44.0 39.0 39.0
1995 20.0 35.0 15.0 31.0 44.0 39.0 39.0
1996 21.0 36.0 15.0 30.0 36.0 39.0 39.0
1997 21.0 36.0 14.0 30.0 38.0 39.0 39.0


I would cite regulation, but I know you will simply ignore it.