Tax Talks Raise Bar For Richest

The New York Times, Tuesday, November 20, 2012

Tax Talks Raise Bar For Richest: Smaller Bite on Income of $500,000 or Less

By David Kocieniewski

“…President Obama has focused efforts on raising revenue from the wealthiest 2 percent of taxpayers–individuals earning more than $200,000 a year and families with adjusted gross incomes above $250,000–calling them ‘millionaires and billionaires who can afford to pay a little more …But for all the broad brush rhetoric of political debate, the rate increases and limits on deductions now being discussed by the president and Congressional Republicans are calibrated to take the biggest bite out of the highest earners.”

In track and field meets raising the bar makes the run or jump more difficult for the contestants.  Please see for more explanation and examples.



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