Originally Posted by Eric

I usually stay out of these things, but I do have a few comments.

A family making a combined $250k a year can easily afford a house in LA, or NYC. Let's try and keep in mind the $250k threshold is for yearly income, not for the price of a one time home purchase that will be spread out over 30 years. So, a combined yearly income of around $250k will be able to afford a house in the 600-800k range easily. Well within the upper middle class to upper class range in any major city, and a MANSION in the smaller markets.

Let's look at the increase in taxes on those said to be in the above range. There are a few things to consider here:

1) Those in that range have a tendency to have businesses or other entities which allow for many more tax breaks.
2) At the purposed increase of 3%. A family making 300k would pay an additional $9k a year in taxes, or $750 a month. For some $750 a month may sound like a lot. For someone in the $300k range it truly is not.

Additionally, there are so many tax breaks and loopholes that many of those who would have the increases brought upon them would see minimal increase in their actual tax liability.

The truth and FACTS are this:

1) Wars were started and not paid for and the books were cooked. That had to be corrected and those things had to be paid for.
2) The tax code has to be fixed. The loopholes and the credits are insane. Having a company like Exxon state that they pay more taxes than people think and then try and bullshit the American public by saying that the taxes their employees and customers pay should be counted as their taxes is appalling.

Yes, I make over 250k a year.
Yes, I will happily pay 3% more in taxes
Yes, I think in the long run the Healthcare bill will save money even if it isn't doing so right this very moment.
Yes, I am better off than I was two years ago.