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ProgressiveEconomist

(5,818 posts)

16. IMO Bloomberg's headline is false. How is the Senate bill a "split"

Reply to DJ13 (Reply #1)

Sat Jul 14, 2012, 05:24 PM

Jul 2012

from what President Obama has proposed for a 1-year extension of Bush tax cuts for the 98 percent? The Senate bill caps current income tax rates at $250k for couples, exactly what the President proposed last week.

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Senate Democrats Split From Obama on Taxing Dividends [View all] Judi Lynn Jul 2012 OP

.... DJ13 Jul 2012 #1

IMO Bloomberg's headline is false. How is the Senate bill a "split" ProgressiveEconomist Jul 2012 #16

I think the "split" is on taxation of the top earners progree Jul 2012 #19

But the President clearly said, Leave taxation on the top 2 percent (and implicitly on ProgressiveEconomist Jul 2012 #22

I'm just going by what the article said and what I've seen and heard in the news over and over progree Jul 2012 #23

Again, here's why a public option was NEVER going to happen! Liberal_Stalwart71 Jul 2012 #2

Thinking as someone who's nearing retirement, I have to disagree with our President. DCKit Jul 2012 #3

Me too, I disagree. Maybe dividends for the big players, like Romney, should be taxed at 40% xtraxritical Jul 2012 #5

The current rate... ensemble Jul 2012 #12

70 K$ taxable income = 89 K$ adjusted gross income progree Jul 2012 #20

You know I used the word dividends when I really meant capital gains, sorry for the confusion. xtraxritical Jul 2012 #21

Both the qualified dividend rate and the LT capital gains rate remain where they are for bottom 98% progree Jul 2012 #24

As Dick Durbin said pscot Jul 2012 #4

...and "Dick The Dick", should know. russspeakeasy Jul 2012 #10

Simplify things. All income regardless of source taxed at the rate for that income level. on point Jul 2012 #6

I believe.... ensemble Jul 2012 #11

Where the strange number (23.8%) comes from progree Jul 2012 #7

How many wealthy Senators.... Capt.Rocky300 Jul 2012 #8

exactly heaven05 Jul 2012 #18

Dividends are earned income and should be taxed as such.... WCGreen Jul 2012 #9

Seems more like unearned income to me. eallen Jul 2012 #17

One thing I've noticed... ensemble Jul 2012 #13

Exactly brutus smith Jul 2012 #27

The DINOs strike again DonCoquixote Jul 2012 #14

On that 3.8% surtax to help pay for health care and the high dividend rates - that's on top earners progree Jul 2012 #15

Taxes must go up rks306 Jul 2012 #25

I see the RW talking point about Obama controlling the Senate is still valid ... zbdent Jul 2012 #26

Tax the hell out of it... I'll never have to worry about dividends... nt Comrade_McKenzie Jul 2012 #28

Politicians tend to over-complicate dividends. Just exempt the 1st $50,000 and tax he rest as 24601 Jul 2012 #29