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In reply to the discussion: Merry 'Cliffmas': Obama, Boehner Deal Dims [View all]mac56
(17,557 posts)9. Ah, but wait, there's more!
From http://www.ThePeoplesView.com:
"The President, as his counteroffer, has asked for tax rates to go up for at least those making more than $400,000, in response to Speaker Boehners offer of letting the rates go up on incomes over $1 million. The proposal would also cap the value of itemized deductions to 28%, basically preventing the rich from taking a greater percent of their incomes in deductions than middle class families. This, along with the Presidents proposal to raise capital gains and dividend rates, as well as increasing the estate tax, should bring us pretty close to $1.2 trillion."
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And are you saying, combined 50K NET, as in the actual amount, after all deductions,
SoapBox
Dec 2012
#35
Yes that is correct but taxes will go up on everyone not just the rich....
humbled_opinion
Dec 2012
#45
My God! The bias of ABC! "Increasingly grim" indeed! The old deal is the best deal for Americans!
grahamhgreen
Dec 2012
#5
And what do you think will happen if you instead impose the austerity on seniors?
JDPriestly
Dec 2012
#58