You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Taxes would not go up on incomes less than 305,000 [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » General Discussion Donate to DU
Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-06-12 08:07 PM
Original message
Taxes would not go up on incomes less than 305,000
Advertisements [?]
In Obamas Plan to Tax Rich, $250,000 Figure May Mislead
By CATHERINE RAMPELL and BINYAMIN APPELBAUM
Published: December 6, 2012


President Obamas insistence that marginal tax rates rise for families making more than $250,000 has convinced millions of affluent Americans that they are likely to be writing larger checks to the government next year.

But many of those families have no reason to fret.

A close look at the presidents plan shows that a large majority of families making up to $300,000 as well as hundreds of thousands of families with even larger incomes would not pay taxes at a higher marginal rate.

Because the complexity of the tax code makes it difficult to draw clean lines, they are the beneficiaries of choices the administration has made to ensure that families earning less than $250,000 do not pay higher rates.

http://www.nytimes.com/2012/12/07/business/obamas-tax-p...
Refresh | +3 Recommendations Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC