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View Diary: We Need to Kick the Crap out of the GOP on Medicare (104 comments)

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  •  Returning dividends to regular income (1+ / 0-)
    Recommended by:
    twigg

    tax rates would be a big increase for people like Romney, but if allowed would also represent a tax increase (not that big, but something) for some middle class taxpayers (mostly retirees).

    "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

    by Alice in Florida on Sun Dec 09, 2012 at 08:53:59 PM PST

    [ Parent ]

    •  Only if their income (2+ / 0-)
      Recommended by:
      KenBee, tardis10

      rises above the thresholds ... in which case they can afford it.

      I hope that the quality of debate will improve,
      but I fear we will remain Democrats.

      by twigg on Sun Dec 09, 2012 at 08:59:42 PM PST

      [ Parent ]

      •  Actually, for qualified dividends (1+ / 0-)
        Recommended by:
        twigg

        taxing them at all would represent an increase--they're currently taxed at 0% for people with less than 70K in taxable income. One might also say that anyone with 100K (and say $150K for couples) in taxable income "can afford" a tax increase, and that would certainly raise a lot more than only raising taxes for those over $200/250K, but that's not what Obama promised.

        Maybe Obama is seeking to maintain preferential rates for capital gains and dividends for lower tax brackets, which would create a problem at the marginal rate jump (instead of just being an extra 4% on earned income, it would mean taxes on dividends more than double between $199,999 and $200,000).

        "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

        by Alice in Florida on Mon Dec 10, 2012 at 05:50:25 AM PST

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        •  It's not an insurmountable (0+ / 0-)

          problem.

          Somehow or other we have to get to a position where ALL income, for everyone, is taxed at marginal rates.

          I hope that the quality of debate will improve,
          but I fear we will remain Democrats.

          by twigg on Mon Dec 10, 2012 at 08:53:06 AM PST

          [ Parent ]

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