Didn't we raise taxes on the rich on ...

Didn't we raise taxes on the rich on 12/31/12?

Posted in the New York Forum

Democrat

Los Angeles, CA

#1 Feb 24, 2013
Aren't they paying their fair share now? What's this talk about raising taxes on the rich again.
People

Los Angeles, CA

#2 Feb 24, 2013
Return of Clinton-era rates (or more) for income over $400,000/$450,000. The top marginal rate went back to 39.6 percent for income over $400,000 for singles or $450,000 for couples.

Remember, this is a marginal rate, so the more income you have above the threshold, the harder the higher rate hits you, which you can see in the much smaller tax increase for households making half to a million dollars compared to those making more. The deal also brought back limits on deductions and exemptions for high-earners, known as Pease and PEP, for income of individual/joint filers over $250,000/$300,000 and $375,000/$425,000, respectively. But taxes are higher than they were under Clinton when it comes to capital gains and dividends -- rates rise from 15 to 23.8 percent, with the last 3.8 percent due to the Obamacare surtax, for individual/joint filers making $400,000/$450,000. Remember, the top 0.1 percent of households account for half of all capital gains, so this is no small thing.
Just Saying

Central Islip, NY

#3 Feb 24, 2013
Apparently the tax increases weren't enough for Obama and the Dems, who are still stalling on any meaningful cuts in federal spending, which they had agreed to do when they got their way on tax increases. Looks like they hoodwinked the GOP again, because they'll never cut spending, and will continue to push for tax increases to pay for more of their liberal programs.

“You have a right to....”

Since: Dec 07

protect yourself from Liberals

#4 Feb 25, 2013
Democrat wrote:
Aren't they paying their fair share now? What's this talk about raising taxes on the rich again.
not just the rich...the goal is everybody
Os EPIC FAIL - TAXES

Dover, OH

#5 Feb 25, 2013
Guinness Drinker wrote:
<quoted text>
not just the rich...the goal is everybody
Every working person (99% and 1%) took a 2% payroll tax hike on Jan 1, THEN add the .50 gasoline increase per gallon since Jan. 1 while Obama keeps politicking to FURTHER increase taxes on the 'rich', meaning the 9to5'ers. So while the producers got the 2% tax hike the takers are being protected from a 2% cut in government spending, the sequester, by Obama and his merry progressives.

“You have a right to....”

Since: Dec 07

protect yourself from Liberals

#6 Feb 25, 2013
Os EPIC FAIL - TAXES wrote:
<quoted text>
Every working person (99% and 1%) took a 2% payroll tax hike on Jan 1, THEN add the .50 gasoline increase per gallon since Jan. 1 while Obama keeps politicking to FURTHER increase taxes on the 'rich', meaning the 9to5'ers. So while the producers got the 2% tax hike the takers are being protected from a 2% cut in government spending, the sequester, by Obama and his merry progressives.
The campaign to take control of the House in 2014 is in full swing. As usual, you'll be seeing more public appearances and listening to him babble about the Repubs are favoring the rich. After this Friday, he'll be turning a blind eye to the sequestration cuts he signed on for and blame the Repubs for that too. Even more sad, Obama's Media Emporium will be doing the usual bending over and puckering up to everything he spews
Just Saying

Central Islip, NY

#7 Feb 25, 2013
Guinness Drinker wrote:
<quoted text>
The campaign to take control of the House in 2014 is in full swing. As usual, you'll be seeing more public appearances and listening to him babble about the Repubs are favoring the rich. After this Friday, he'll be turning a blind eye to the sequestration cuts he signed on for and blame the Repubs for that too. Even more sad, Obama's Media Emporium will be doing the usual bending over and puckering up to everything he spews
And of course he bears absolutely no responsibility for any of these problems, despite being President for more than 4 years, during which time the Democrats controlled both the Senate and the House from 2008 to 2010, and still control the Senate. He's the real "Teflon President", because nothing sticks to him!

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