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Honeycombe8

(37,648 posts)

15. To be clear: The Bush tax cuts for the rich are NOT dead. They have been partially enshrined.

Reply to MrScorpio (Original post)

Tue Jan 1, 2013, 10:19 AM

Jan 2013

The old rate of a upper middle class/rich person: 39%

The 2012 rate of an upper middle class/rich person: 33%

The new rate of an upper middle class/rich person per the current deal: 33% up to $400,000 for an individual; a few more % points for amounts OVER $400,000.

It is NOT 39% for all income for those who earn $400,000 and over, which was the old rate.

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Highlight:

It's a new day of a new year, the Bush tax cuts for the rich are dead and Obama is coming back [View all] MrScorpio Jan 2013 OP

Cheers to that! darkangel218 Jan 2013 #1

We have much to be happy about at this time. Firebrand Gary Jan 2013 #2

+1 Buzz Clik Jan 2013 #3

Correction: the "rich" get those tax cuts, too TahitiNut Jan 2013 #4

Like I said, it ain't perfect MrScorpio Jan 2013 #6

they get those cuts & i believe they also get to keep the bush-era lower taxation of dividend HiPointDem Jan 2013 #7

I heard capital gains tax going to 20% from 15%. For everyone. nt Honeycombe8 Jan 2013 #20

This is true. Some people are having trouble understanding that the new rich tax rate is about 36% Honeycombe8 Jan 2013 #21

We need more people like you on DU... Comrade_McKenzie Jan 2013 #5

Let's roll up our sleeves and get the job done. In_The_Wind Jan 2013 #8

Even Fox News is reporting that the country is moving left. Flatulo Jan 2013 #9

Happy New Year, Mr. S. K&R! nt Kahuna Jan 2013 #10

K&R. I agree that we have much more to do, but think of how the world Squinch Jan 2013 #11

(((( President Obama )))) Callalily Jan 2013 #12

nicely said lillypaddle Jan 2013 #13

No.. The payroll tax cut is dead Chico Man Jan 2013 #14

I agree..... hakko936 Jan 2013 #16

To be clear: The Bush tax cuts for the rich are NOT dead. They have been partially enshrined. Honeycombe8 Jan 2013 #15

that requires people to think, H Skittles Jan 2013 #19

Oh Yeah! brush Jan 2013 #17

K & R Scurrilous Jan 2013 #18