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

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  •  Actually, for qualified dividends (1+ / 0-)
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    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-)


      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

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