ST Alpha - "Something is wrong with the $75,300 bracket" (Reading a Post)

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In response to "Here's what the tax code would look like if Bernie Sanders got everything he wanted -- (link)" by Strongbad

Something is wrong with the $75,300 bracket

Posted by amoxy (aka amoxy) Jan 22 '16, 14:52

Too much payroll tax

Responses:

looks like he's adding the employer share of the payroll tax, and I'm guesing SS caps at 118,500 -- nm* - znufrii Jan 22, 15:01 1
- though I'm not sure why he's applying the individual social security cap when the rest of the chart uses married filing jointly tax brackets. -- nm* - znufrii Jan 22, 15:17
Yeah. That doesn't look right. -- nm - Volnelk Jan 22, 14:59

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