With a tax increase on families with a combined income of 250,000 or greater, how does that work? Is it just specifically on taxed income? Lets say,hypothetically, my wife and I make 250,000 combined, but we contribute 16,500 each into our 401k anually. Does this mean our taxed income is really only 217,000 and therefore we would not be effected by this tax plan? Just curious. also I am by no means a whizz in politics, hence I never post on this board. I apologize if this question is stupid, but I always wondered about this. Thanks