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Showing Original Post only (View all)Whatever happened to "the 99%"? That cuts off at 500K, no? [View all]
Correct me if I am wrong, but I get the cuttoff for 99% at $506,553
http://www.whatsmypercent.com/
$450,000 is a lot of money, absolutely.
But if you wanted to see legislation that works for "the 99%", then why are you upset that the threshold for the upper tax bracket was set at $450,000 - which, for couples on the same calculator - works out to the 96th percentile.
I don't remember anyone going on about "the 98%" or "the 96%".
This piece of legislation preserved reduced tax rates for "the 99%". It's as simple as that.
And as far as campaign promises go, Obama stated that his goal was not to raise income taxes on those making less than $250K. This does not raise income taxes on those making less than $250K.
So if you don't want legislation to work for "the 99%", but some other percentile, then pick a figure and stick with it, but drop "the 99%" slogan.
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oh. The cliff deal made the Bush tax cuts permanent for individual filers making $400K/yr.
limpyhobbler
Jan 2013
#31
Well, since you decided to turn a discussion into personal characterizations above...
jberryhill
Jan 2013
#29
hey! why should the republicans be the only ones who have self-destructive internal civil wars?
unblock
Jan 2013
#11
99% is about wealth not income, which actually strengthens your point. To be 1% is $8.4 million in
stevenleser
Jan 2013
#12
Except the 99% - 1% thing in Occupy was never about income, it was about wealth. nt
stevenleser
Jan 2013
#18
True, but it also assumes not needing to spend a penny ever, for 20 years. And its also about...
stevenleser
Jan 2013
#30