Politics and Policy

Those Barely in Top Brackets Brace for a Hit

People in Households Earning $200,000 to $500,000 Resign Themselves to Tax Increases Even If They Don't Feel Superrich

Updated Dec. 29, 2012 1:49 p.m. ET

Most of the country's top earners just barely make it into the highest tax brackets—and no matter what happens in Washington's budget negotiations, they are preparing for a hit.

Households earning between $200,000 and $500,000 a year have been in and out of the cross hairs all year. As of this week, the White House is again seeking to preserve tax rates for income under $250,000 while allowing everything above to reset to Clinton-era...

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