Despite the President’s focus on $250,000, the dividing line appears to be at $300,000. The expiration of other Bush tax cut provisions, including limits on deductions and higher taxes on investment income, will raise taxes for only 32% of families with income between $250,000 and $300,000, according to Citizens for Tax Justice, while 77% percent with income between $300,000 and $350,000 would see an increase.
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