General Discussion

D Gary Grady

(133 posts)

39. It makes more sense than it seems to

Tue Mar 12, 2013, 01:29 PM

Mar 2013

I don't think it's actually double-dipping. First, the figures appear to date back from before the "fiscal cliff" deal, when the top rate was still 35% (plus an upcoming surtax that results from the Affordable Care Act and is presumably taken into account).

Allowing the top rate to increase on the portion of annual taxable income over $330,000 or so (which is roughly where the top rate currently kicks in) would produce a substantial chunk of revenue.

Then if on top of that we introduced an additional bracket applying to the portion of annual taxable income over $1 million, that would bring in yet more money.

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I don't normally post images I saw on Facebook here, but this one is really good [View all] garybeck Mar 2013 OP

k&r Electric Monk Mar 2013 #1

It's a good one! Glad you decided to post it. k&r Little Star Mar 2013 #2

But........But.... Flashmann Mar 2013 #3

But it's even worse then fair and sensible... Larry Ogg Mar 2013 #33

such fairness could lead to Socialism Flashmann Mar 2013 #34

Good one!! SalviaBlue Mar 2013 #4

Much better approach to budgeting our countries resources.... midnight Mar 2013 #5

Tax capital gains at the same rate as income.... daleanime Mar 2013 #6

and dividends too hfojvt Mar 2013 #17

Enforcement and process GeoWilliam750 Mar 2013 #20

too bad about that hfojvt Mar 2013 #7

the Democans and Republicrats controlling DC will not like your comments lol nt msongs Mar 2013 #8

K & R L0oniX Mar 2013 #9

Let add, get rid of ALL subsides to corporate America. n/t Hotler Mar 2013 #10

You left out ending the war in Afghanistan now. xtraxritical Mar 2013 #11

I say let's remove the SS cap all together. n/t woodsprite Mar 2013 #12

I agree synapticwave Mar 2013 #13

Yeah, but it was on the graphic to raise it only to 170K. n/t woodsprite Mar 2013 #14

baby steps, man, baby steps hfojvt Mar 2013 #16

It's related to borrowing and revenue in a complicated way D Gary Grady Mar 2013 #37

Remove the cap, you have to remove the restrictions on payout as well OnlinePoker Mar 2013 #30

K&R. How can anyone argue with that? JDPriestly Mar 2013 #15

Can you post the link to the FB page? W T F Mar 2013 #18

K&R gringo43 Mar 2013 #21

this might help..... garybeck Mar 2013 #32

Double Dipping?? freemay20 Mar 2013 #19

It makes more sense than it seems to D Gary Grady Mar 2013 #39

K&R nt demosocialist Mar 2013 #22

Great chart! AnnieK401 Mar 2013 #23

HUGE K & R !!! - Thank You !!! WillyT Mar 2013 #24

It is good. littlemissmartypants Mar 2013 #25

Very smart and responsible - this would free up money to invest in our future. The Wielding Truth Mar 2013 #26

very good. make it so. (nt) limpyhobbler Mar 2013 #27

Historic low tax rates give us historic income/wealth gap ErikJ Mar 2013 #28

Thanks ashling Mar 2013 #29

NO BRAINER! grahamhgreen Mar 2013 #31

kick onward and upward Angry Dragon Mar 2013 #35

That is the war we are fighting marions ghost Mar 2013 #36

Full set of graphics here D Gary Grady Mar 2013 #38