Taxing the rich - what is the cutoff?

[onlydarksets]

Schneed- thanks, this gives a practical point for discussion.

One problem, though is that your childcare costs are off. It's around $1200/kid in NoVa (it goes down as they get older and the teacher/student ratios decrease, and, obviously, goes away once they hit grade school). We have 2 kids in daycare, so that puts a big hurt on the budget. I realize it's temporary, but who's to say a 3rd isn't in the picture? That gets into a separate issue, though - having kids you can't afford.

Also, it looks like you added AMT as income - wouldn't that reduce income?