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View Diary: What the #&%$ Has Occupy Done (46 comments)

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  •  The surtax expired (4+ / 0-)

    It should have been renewed and technically the highest income earners will be taxed lower than when they had the surcharge which is expiring(meaning it wasn't the millionaire's tax that dropped the rate in and of itself), but the this tax overhaul still makes those top rate among the highest in the country.

    Under the new brackets, New York’s top income tax rate of 8.82 percent would rank among the highest in the country, according to the Federation of Tax Administrators. It would be significantly higher than the top rate in Connecticut, which was raised earlier this year to 6.7 percent, but just under New Jersey’s top rate of 8.97 percent.
    There's room for improvement and to keep pushing for a better system and a surtax renewal, but it takes nothing away from the Occupy Movement which still achieved decent reform all things considered.

    Pro Life??? Conservatives want live babies so they can raise them to be dead soldiers! - George Carlin - ROUND 3: Vote! Send me to Netroots Nation!

    by priceman on Tue May 08, 2012 at 08:48:29 PM PDT

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