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View Diary: Abbreviated Pundit Round-up: Fiscal cliff and beyond (64 comments)

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  •  A "sharp increase" on taxes on the rich? (5+ / 0-)

    Since when is a 4.6% MARGINAL income tax hike a "sharp increase"  on someone in the to 2% of income earners?  Under a reversion to the Clinton tax rates, the biggest hit the 2% will incur will be to the rate paid on capital gains (up 5%) and dividends (taxed as regular income), which is where most of the true fat cats make their money anyway.

    "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

    by SueDe on Sun Dec 30, 2012 at 06:25:08 AM PST

    [ Parent ]

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