One of the biggest sticking points of a deal with the level at which taxes will go up. The level the President is sticking to is $250K while the republicans think that is too low. Here's a math question for those who think the $250 limit is going to make the wealthy go broke. If for up to a dollar I pay 5% tax and I make $1 for the year at the end of the year I would own $0.05 tax. If for anything above $1 I owe 10% tax and I make $2 for the year, how much tax do I owe at the end of the year? It is just so hard to bring those guys out of the back seat.