Hello!!!11!1 It's not "a tax break on those making less than $250,000"
It is a "tax break on everyone's first $250,000 of income"
the first statement mistakenly leaves the impression that if you make $250,001, there will be no tax break for you.
Even Mrs. Corkhead didn't understand that distinction until I clarified it.
I am sure lots of republicons digging in their heels, "making sure the tax breaks apply to everyone", don't understand that either.
The fact is that everyone is getting a tax break. They are just eliminating the additional extra special one just for rich people.
= new reply since forum marked as read
chart is usually very helpful for most people. That old 'a picture is worth a thousand words....'
I'll see if I can find one.
But if I had my way, we'd return to the tax rates under Ike. I like Ike and and his tax rates....they hit 90% on some of the highest income.
Ike thought if you made millions....that last million was more than any human was worth and so Ike said, 'You gotta share that last bit of income, dude.' Those were the days.
Hell Raygun rates of the early '80's would be OK. The rich, especially the inherited rich, have to realize that they are simply NOT WORTHY! It worked back in the days when there was such a thing called, GUILT, in this culture. Today, there is no guilt nor SHAME. And the rich believe they are above the law....which goes along with their belief that their shit don't stink.
Most rich people are truly obnoxious and deep down inside many of them know they are not worthy, intelligent, nor creative....so they compensate by pushing their power around to feel like BMOC.
Look at the Walton family. Papa Walton who did all the hard work of starting Walmart drove around in a beat up old pick-up truck and treated his associates with respect....and he shared his wealth with the associates via stock. His kids are ruthlessly cruel and greedy. They have more money than the US's bottom third (as far as income)....and that's 100,000,000 people. This is not morally right. Yet they call them Christians....I'm sure Jesus is like
When you go to the tax table after you have determined your taxable income the table is taking into account the different rates to tax the different levels of your income.
Say your taxable income is $80,000
the first 8,700 is taxed at 10%
the next chunk of income up to 35,350 is taxed at 15%
from 35,350 - 85,650 is taxed at 25%
and so on
So - it isn't that your entire 80,000 income is taxed at the highest rate of 30% because if it was the instructions would just say "find 30% of 80,000...that is your tax" (of course they probably can't count on Americans being able to find a percent). Instead they have those crazy tables that have these layered percentages built into the tables - you know they really couldn't count on us to find the various percentages and add them together. 
Looks like they hope to decrease those rates on all of the income levels up to 250,000 (so everyone (even wealthy) gets those cuts) and raise the rate at above 250,000 - so only those making above 250,000 (after write-offs and deductions) will see an increase, and only on the chunk of their income that is above 250,000.
