An honest question
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An honest question
| Tue, 10-14-2008 - 9:33pm |
I'm not trying to be smart, or snarky, or anything like that.
| Tue, 10-14-2008 - 9:33pm |
I'm not trying to be smart, or snarky, or anything like that.
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As I understand it
I disagree with you, but I'm pretty sure
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-Kristen
i can see how it looks like that however, i think it goes like this: (from an earlier post)
ok, so i see where people are getting the $600k number, but now my issue is...
those brackets are references, and the tax number given is a median...(or it could be a mean, which will not change my theory here)
so for the $227-$603k group, the median will be +12 for BO...so some people look at that and say, ok, so only pepole over 603K are taxed more
-Kristen
I disagree with you, but I'm pretty sure
i'm not sure if i understand your post. but i think this paragraph helps explain the breakdown a bit more.
FACT #3: Under the Obama Plan, No One Will Pay Higher Tax Rates Than They Paid in The 1990s.
Barack Obama believes that any responsible candidate must put forward specific ideas of how they would pay
for their proposals to put us back onto the path of fiscal responsibility. That is why he has called for repealing a
portion of the tax cuts passed in the last eight years for families making over $250,000. But he would limit all
rates to be at or below what they were in the 1990s. Families making over $250,000 would pay the 1990s
marginal income tax rates – of 39.6 and 36 percent – and capital gains and dividend tax rates of 20%. Obama’s
20 % capital gains rate is the lowest rate from the 1990s, and his 20% dividends rate is
39 percent lower than the rate President Bush proposed in 2001, and lower than all but 5 of the last 92 years we have been taxing dividends
The data show that the tax rates in the 1990s did not undermine economic growth or entrepreneurship – our
economy created nearly 23 million new jobs, Americans’ incomes grew at robust rates. In fact, the stock
market grew at 270% in the decade following Ronald Reagan’s increase of the capital gains tax rate to a level
one third higher than what Obama proposes. Under the Obama tax plan, literally every household in America
will pay the same or lower tax rates than they would have in the 1990s.
Ok I'm really tired, but I'm sure it is a sliding scale.
-Kristen
while your post was interesting, it didn't really discuss the brackets i was discussing on the post you were responding to....other than confirming that BO plans to raise taxes on people who earn over $250k.
but....in your post..i did find this interesting:
Under the Obama tax plan, literally every household in America will pay the same or lower tax rates than they would have in the 1990s.
that doen't sound too bad....except where he says "or lower"....then it sounds to me like "the upper brackets will pay the rates they paid in the 1990s, and the lower brackets will pay lower rates than they did in the 1990s"....or "the upper brackets will see an increase in tax, while the lower brackets will see a reduction in tax"...which doesnt sound as pretty to me.
-Kristen
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