Tag: capital gains rate

Fiscal Cliff – We got a parachute

Once again at the 12th hour a deal is reached. Over the next several days we will get more details on this deal. Here’s what I think that we have: Bush tax cuts: The deal would extend all of the Bush tax cuts for incomes below $400,000 for individuals and $450,000 for families, while reinstating the Clinton-era 39.6 percent tax rate for income above those thresholds. It will also push the capital gains rate on investment income back to 20 percent for income above $400,000 for individuals and $450,000 for families. President Obama had asked for an extension of rates only for

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Marginal Tax Rates

I saw this graph over at Visualizing Economics and I loved it. There are a couple of things that simply jump right out. First, the capital gains rate hasn’t been this low in over 40 years. Secondly, corporate tax rates are at their lowest rates in 60 years. Finally, personal income taxes rates were slightly lower in the late 1980s and are far below historical high levels that existed in the 1950s.

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Republican Email on Obama Tax Plan

One of my right-wing friends sent an email to me that lies about Senator Barack Obama’s stance on taxes. This would be interesting if one piece of this email were correct. Nothing that is written about Obama in this excerpt is even close to being correct. Here’s the email: Another reason to keep a socialist out of the White House. In fact, below is a reason to throw the entire Congress out on the street. Very few of them can be trusted. DATA ON FUTURE TAXES (Spread the word…) This is something you should be aware of so you don’t get

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.


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