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No. Just let the Bush cuts expire and present a new line of Obama cuts. If you take the Bush tax cuts off the table, and have an alternative ready to go as soon as the old ones expire, the Republicans can't hold the middle- & lower-classes hostage this time.
What about Obama's increasing the itemized medical expense minimum to 10% from 7.5%?
What about the Flex spending account cap decreasing several fold?
What about capital gains taxes for the middle class?
What about the medical device mfgr tax increase?
What about Obama's increasing the itemized medical expense minimum to 10% from 7.5%?
What about the Flex spending account cap decreasing several fold?
What about capital gains taxes for the middle class?
What about the medical device mfgr tax increase?
It's easy. You take the position of agreeing with this as long as there are corresponding cuts. Those cuts never get through the Senate and if they do, it's a win.
The problem isn't that the rich don't pay enough in income taxes. As has been pointed out many times, people like Buffett pay very little in income taxes. The problem is in the difference in what you pay in taxes for income as opposed to capital gains.
It's easy. You take the position of agreeing with this as long as there are corresponding cuts. Those cuts never get through the Senate and if they do, it's a win.
The problem isn't that the rich don't pay enough in income taxes. As has been pointed out many times, people like Buffett pay very little in income taxes. The problem is in the difference in what you pay in taxes for income as opposed to capital gains.
Capital gains and dividends taxes are going sky high soon between Obamacare and Obama tax cut expiration. Tax on dividends will go to over 40%. Can't recall what cap gains will be though.
Won't pay to have dividend income when you have to give half away. This will impact the bottom line of companies who pay out big dividends. Its a viable source of income for retirees (or at least was).
The 1% don't live off dividends though.
WHy not have a flat tax? Exempt the first 40-50K if one was worried about those with low income?
Problem soved. However, that doesn't pander well...as then everyone would be treated the same.....
Maintain current tax rates for all, or do nothing for all....none of this picking winners and loosers bs...
Capital gains and dividends taxes are going sky high soon between Obamacare and Obama tax cut expiration. Tax on dividends will go to over 40%. Can't recall what cap gains will be though.
Won't pay to have dividend income when you have to give half away. This will impact the bottom line of companies who pay out big dividends. Its a viable source of income for retirees (or at least was).
The 1% don't live off dividends though.
I never argued for high CG taxes. Just that income and CG should be taxed the same.
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