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Reply #31

In the discussion thread: Welcome to the Grand Illusion [View all]

Response to ProSense (Reply #30)

Thu Oct 24, 2013, 12:22 AM

31. so they are across the board

that does not mean that Obama could not have fought for and Congress could not have passed rates like this

10% up to $8,925
15% up to $36,250
25% up to $87,850
30.5% up to $183,250
35.5% up to $398,350
39.1% up to $400,000
39.6% at $400,001+

and also mandated that dividends be treated like ordinary income, just like they were in the good old days before Bush mucked things up.

And further, that does not mean that what Obama and Democrats eventually settled for is NOT very advantageous to the rich.

Because it is, to the tune of $2.1 trillion as the analysis of CTJ shows.

$2.1 trillion in permanent tax cuts to the top 5% that all those Democrats voted for and that Obama signed and wants to spin as some sort of 'victory'.

It's a $2.1 trillion loss.

I would even say it is a $4 trillion loss, but SOME people are bound and determined to include most of the TOP 20% as part of the "middle" class.

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Arrow 31 replies Author Time Post
hfojvt Oct 2013 OP
Pretzel_Warrior Oct 2013 #1
factsarenotfair Oct 2013 #2
hfojvt Oct 2013 #4
quinnox Oct 2013 #3
hfojvt Oct 2013 #21
1000words Oct 2013 #5
Poker Bots Oct 2013 #6
gopiscrap Oct 2013 #13
Dragonfli Oct 2013 #7
JDPriestly Oct 2013 #8
Divernan Oct 2013 #9
hfojvt Oct 2013 #18
SleeplessinSoCal Oct 2013 #10
jtuck004 Oct 2013 #11
SleeplessinSoCal Oct 2013 #20
hfojvt Oct 2013 #14
SleeplessinSoCal Oct 2013 #19
Laelth Oct 2013 #12
dawg Oct 2013 #15
hfojvt Oct 2013 #16
leftstreet Oct 2013 #17
ProSense Oct 2013 #22
hfojvt Oct 2013 #23
ProSense Oct 2013 #24
hfojvt Oct 2013 #25
ProSense Oct 2013 #26
hfojvt Oct 2013 #27
ProSense Oct 2013 #28
hfojvt Oct 2013 #29
ProSense Oct 2013 #30
LineLineLineLineLineLineLineLineLineLineNew Reply so they are across the board
hfojvt Oct 2013 #31
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