If the tax cuts for the rich are allowed to expired they will only pay

[LiberalFighter]

36% on taxable income from $192,001 to $375,700

and

39.6% on taxable income over $375,700


NOT 36% on all taxable income if their income is from $232,951 to $375,700.

NOT 39.6% on all taxable income if their income is over $375,700.


AND

the rich will pay the same rates as everyone else on taxable income below $232,951. That means they will have income that is taxed at the lower rate too.


Oh They don't pay Social Security tax on income above $106,800. Most of us other schmucks have to pay it on all of our income.

[LiberalFighter]

1. Average deductions for the rich

For those with adjusted gross income of over 200k

$65,871