Why not keep it at our levels and toss out the deductions?
What do you think the current level is?
It's 35%. It's really absurd that the top bracket is at around $300,000/yr, too. There's an enormous difference between someone earning $300,000/yr, who lives well but not opulently, and someone earning $1,000,000/yr, beyond which increased income is essentially meaningless in terms of lifestyle.
No, it isn't actually. We have that medicare tax, and itemized deduction phase outs.
35% plus all other taxes in NY = a tad over 50%, I think 52%-53%. Just FYI. Something to keep in mind.
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