Whatever happened to "the 99%"? That cuts off at 500K, no? [View all]

[jberryhill]

Correct me if I am wrong, but I get the cuttoff for 99% at $506,553

http://www.whatsmypercent.com/

$450,000 is a lot of money, absolutely.

But if you wanted to see legislation that works for "the 99%", then why are you upset that the threshold for the upper tax bracket was set at $450,000 - which, for couples on the same calculator - works out to the 96th percentile.

I don't remember anyone going on about "the 98%" or "the 96%".

This piece of legislation preserved reduced tax rates for "the 99%". It's as simple as that.

And as far as campaign promises go, Obama stated that his goal was not to raise income taxes on those making less than $250K. This does not raise income taxes on those making less than $250K.

So if you don't want legislation to work for "the 99%", but some other percentile, then pick a figure and stick with it, but drop "the 99%" slogan.