Under an alternative scenario in which the Trump administration’s tax cuts are extended, and federal spending grows at the same rate as the economy (rather than in line with inflation, as the CBO assumes), the
Given we have a progressive tax system in America with Alternative Minimum Tax (AMT) and deduction phaseouts, I've calculated that the optimal Adjusted Gross Income is roughly $250,000, +/- $50,000. At $250,000, $112,300 of the earnings is free from the 6.2% FICA tax. Meanwhile, y...