Originally Posted by Alan
I would be quite happy to return to the 28% marginal tax rate we were on before. (We are currently in the 25% bracket)
Sounds like our income circumstances are somewhat similar and I could agree to your suggestion without cringing.
I wonder if folks with, say, a retirement income of $25k might think 28% isn't enough and you and I should be up in the 33% bracket? To them, it would appear we could easily afford that. It would be no big deal in their eyes. And perhaps they are correct.
The slope of the graduations in taxes (including the elimination of deductions, higher Medicare premiums, SS taxes, etc., etc.) is always an interesting debate. It's frequently punctuated by feelings of wanting to be left alone while folks earning more pay higher percentages. After all, folks with more than me are "rich."
Edit: Replaced "Medicare surcharge" with "higher Medicare premiums" per the SS web site.