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View Diary: Fiscal cliff: What the GOP stands to lose (14 comments)

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  •  Me too. But in terms of priorities (1+ / 0-)
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    Roger Fox

    I think the marginal income rate is less important, because that is more likely to hurt those making around $250,000 than the super rich. Not that those making $250,000 shouldn't pay more, but I am less concerned about them than about the filthy rich with the fancy accountants who can help them avoid paying most income tax.

    •  good point (2+ / 0-)
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      democrattotheend, bear83

      Short of repealing the Reagan tax cuts and the 1986 TRA....

      I would add 6 brackets
      2mil-40%
      4mil-41%
      6mil-42%
      12mil-43%
      24mil-44%
      48mil-45%

      Which is not too far from adjusted dollar brackets in 1938.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Tue Dec 11, 2012 at 01:00:30 PM PST

      [ Parent ]

      •  I agree (1+ / 0-)
        Recommended by:
        bear83

        And make sure bonus and unearned income is included in that, since most CEO's make more money that way than in salary.

        I would rather see them agree to 37% for those making $250,000+ if they could go higher than 39.6% on those making over $1 million.

        •  This would be a sensible way to go (1+ / 0-)
          Recommended by:
          Roger Fox

          if we could get higher rates on the filthy rich who make more than $1 million a year.

          Not that I feel sorry for those just above $250,000 - under the Clinton rates, they would be asked to pay $360 more per every $10,000 above $250,000. If you're making $260,000, $360 more in tax isn't asking a lot.

          Filibuster reform now. No more Gentleman's agreements.

          by bear83 on Tue Dec 11, 2012 at 02:13:27 PM PST

          [ Parent ]

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