re: #85 sattv4u2

I see

So you think a couple making 250K a year is “upper level”

So let me ask you this

Lest say Wifey and I make $245K a year. What incentive do I have to make work harder and make a little more (pushing it to over 250K) knowing that in that higher bracket I will now TAKE HOME less!
What if that 245K was due to me being a small business the whole thing is on my personal taxes? What incentive do I have to expand (hire more people)?

And that is just one reason that illustrates why a revamping of the tax code is a necessity.