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BainsBane

(54,298 posts)

8. we don't know that is the deal

Reply to grahamhgreen (Original post)

Mon Dec 10, 2012, 05:06 AM

Dec 2012

This is just stuff the media is floating.

It's also possible they could combine elimination of deductions with a marginal rate so the revenue gains would be the same as raising it to 39.6%.

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16 replies

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Highlight:

Raising tax rate on the rich a mere 2% (to 37%) is a total victory for Republicans! [View all] grahamhgreen Dec 2012 OP

I just used your 'Fiscal Bluff' in another thread and couldn't remember your name sabrina 1 Dec 2012 #1

You know, that gives me an idea. Scootaloo Dec 2012 #7

And capital gains goes back to 20%, a 5% increase. And most importantly, Egalitarian Thug Dec 2012 #2

+100 HiPointDem Dec 2012 #4

I'm all for going back to the Clinton era tax rates, but from 15% to 20% is more like a 33% tax No DUplicitous DUpe Dec 2012 #5

You're right, I wrote that badly. Five total percentage points would be a 33.3% increase. n/t Egalitarian Thug Dec 2012 #14

K&R ReRe Dec 2012 #3

Damn straight. Jamaal510 Dec 2012 #6

we don't know that is the deal BainsBane Dec 2012 #8

elimination of deductions does not raise near enough in the long term hfojvt Dec 2012 #11

Thanks for the excellent breakdown. grahamhgreen Dec 2012 #12

not to mention the tax cuts they still get on their first $250,000 in income hfojvt Dec 2012 #9

The tax rate Scam is that Capital Gains will not be effectively raised billy_j Dec 2012 #10

Hegelian dialectic grahamhgreen Dec 2012 #13

I agree. Don't compromise, allow ALL the Bush tax cuts to expire. nt Pryderi Dec 2012 #15

Ironically, it may be the radical teabaggers that will get us to go "over the cliff". nt Pryderi Dec 2012 #16