What is the issue with tax rate?

      How does it affect common man?

    Tax rate stops at 45% for Income exceeding $180K?

 

    It affects lower income group.

 

    This freeze on rate at 45% when income exceeds $ 180K

    affects lower income group very adversely

 

    Please look at the excel sheet & graph 2012-13 and follow the next:       

           

    Please look at the excel sheet & graph 2011-12 and follow the next: