You sound like you are under the assumption that I do mind paying taxes. That assumption would be false. I just resent having so much of my husband's income being confiscated by the federal government.Note the bolded.
What would it matter how many posters here make the above quoted figures? The fact is, making that kind of money when you're trying to raise a family, trying to decide how you're going to pay for your kids college education, and saving for retirement with a comfortable nest egg, is not a whole heck of a lot of money.
I guess most people would assume that we have it made. I'm here to tell you that it ain't necessarily so. And it's not as if we were always making such a nice income. My husband works his a** off, providing 3 separate sources of income and even we have a difficult time wondering how we are going to get it all done and still reach retirement without going broke.
The more you make, the more they take. When you add in federal, state and all the other taxes, we are quite close to the 50% tax bracket.
A 4th of my monthly income goes to taxes, and I still make way less than 100k. It has something to do with the fact that I don't have a 401k, a house, or kids. I am a single woman. I'm an RN, and I work my ass off, too. I actually don't mind paying taxes, and I understand why I pay high taxes.
The fact is, it's hard out here for everyone....especially the majority of Americans (who on average don't make more than 40k a year).
The more you make, the more you have to live off of.
As to the part you bolded, my husband was in the United States Coast Guard for 22 years, so he has a retirement from that. He has a normal job he goes to Monday thru Friday, he also designs, markets, and sells his own software program on his off-time. He is a busy man.
All added up, he brings in about $225k a year. We do not have a fancy home, we live in a modest middle-class neighborhood. We both have used 5+ year old cars, we do not carry credit card debt and we are doing our best just to keep ahead and save for retirement.
My point is, it shouldn't be this hard to just live well, provide for your family, and sock away enough to have a comfortable retirement. We are doing everything "right" just to live and plan for the future, but feel like Obama's plan will simply penalize us for our success and hard work.
I applaud you for working hard as well. I just don't agree with the progressive tax system as it only seems to punish ambition. I would be more in favor of a flat tax or consumption tax.
Obama has said repeatedly that folks earning up to 250K will not see additional taxes. I don't think he was lying about it. Obama didn't invent the progressive tax system, so I think your anger is misplaced.