Your definition of middle class must be nonstandard, because to reach even
A 32% marginal (not effective) rate as an individual, TAXABLE income must exceed $170k. For a married couple, it’s $340k.
Before that, the marginal rate is 24%. And remember:
1) this is after deductions and
2) dividends and cap gains are taxed at 15-20%
I don’t see how your math works.
[Post edited by TomGlansAski at 01/18/2023 8:03PM]
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In response to this post by HoodatB)
Posted: 01/18/2023 at 8:01PM