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2012 Democratic National Convention: Day One, Thread Three, Michelle Obama Edition

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sagehen9/05/2012 10:33:40 am PDT

re: #747 Big Steve

Yes….I do make about $250k per year. Last year I paid $84k in federal income tax.

Bullshit.

You didn’t pay an effective rate of 34%, when you’ve barely scooched into the bracket where the marginal rate is 35%. Even if you had no deductions at all — not for state taxes, not for mortgage interest, not even the standard deduction — that level of income would not generate that level of federal income tax.