Originally Posted by cutthemdown
what if the business also getting hit with Obamacare cost increases? Also capital gains went up 5% on that same bracket so it all adds up.
If you make that much money and respond to higher taxes by laying people off, you're morally and intellectually no better than the professional athlete who makes millions of dollars a year and ends up declaring bankruptcy. The amount taxes are going up is negligible, and you'd have to be making millions in order for your taxes to go up enough to have to fire someone to make up that money.
Learn maths. It's taxing income above $400k at that higher rate, not the entire sum.