While Sean's comment (that we shouldn't confuse marginal tax rates with effective tax rates) is generally accurate, it is only marginally applicable here. For any couple whose incomes surpass the $357,000 cut-off by any substantial amount, it could be said that most of the woman's income will likely be taxed at the highest level (and such a characterization would be entirely appropriate where the woman has some interest in leaving the work force.
As for Vequor's critique, you've entirely missed the point if you read this article as telling a sob story about rich couples having to pay higher taxes. Instead, this is about our economy devoting scarce resources to these women's education only to see them leave the workforce (and not purely because they find other pursuits more fulfilling or more worthy). Think of the economy as a small community, where the community shells out $200,000 to support one citizen through medical school and the citizen decides instead to work as a police officer. There's nothing wrong with the citizen's choice of careers, except that the community now has a shortage of well-trained doctors.
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Other reader comments on this article
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Folks, solving the deficit has nothing to do with increasing taxes and everything to do with decreased frivolous Government spending,... [MORE]
David
Sep 3, 2008 17:52
The bottom line of Obama's tax increase will be devastating for so many New Yorkers whose income seems large but... [MORE]
Messine
Aug 19, 2008 14:12
My cousin's husband is a great house dad. She makes more $, and with their second child, they realized having... [MORE]
Equality
Aug 19, 2008 08:25
Obama just doesn't get it. Higher taxes never bring in the expected revenue. [MORE]
JimB
Aug 18, 2008 20:24
Scott – you are missing something the number is 35% not 39.6%. From 35% to 43.6% is a 24% increase.... [MORE]
Robert Masters
Aug 18, 2008 17:04
Am I missing something? Increasing the tax rate from 39.6% to 43.6% sounds like about a 10% increase to me,... [MORE]
Scott Baker
Aug 18, 2008 14:37
While Sean's comment (that we shouldn't confuse marginal tax rates with effective tax rates) is generally accurate, it is only...
Brad
Aug 18, 2008 12:45
As a rule, the more you tax something, the less of it you get. The more their income is taxed,... [MORE]
JRS
Aug 18, 2008 12:23
First, you shouldn't quote marginal rates as if that's what these people would be paying — "Oh my God, over... [MORE]
Sean
Aug 18, 2008 02:51
This is crazy. So people making $357,000 a year will see a tax increase. So what? Obama just says that... [MORE]