“How is it possible that an increase of 4.5% in the top tax bracket can result in a 13% to 15% increase in income tax liability in 2013 compared to 2012 with identical income and deductions? The answer lies in the fact that the increase in the top tax bracket was just one of several changes, the cumulative effect of which wreaked havoc on high income households. In addition to the increase in the Social Security tax rate from 4.2% to 6.2%, there were six changes in the tax law that were responsible for a decline in spendable income for high income filers in 2013. The common theme of the six changes is that they’re all income-driven. Their impact is felt as you exceed defined income thresholds.”
http://www.marketwatch.com/story/wealthy-paid-13-more-tax-on-same-income-2014-04-25
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