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Tax Compromise: Guess Whose Taxes Are Going To Go UP.

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NorthCarolina Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 09:54 AM
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Tax Compromise: Guess Whose Taxes Are Going To Go UP.
HuffPo: Jason Linkins

You know, with all the talk about who is mad at President Barack Obama and who stands to win or lose what election over this tax-cut deal, not as much attention has been paid to the practical beneficiaries of the deal. Well, over at The New York Times tonight, David Kocieniewski's got the hard numbers, and finds that the deal is actually a very good one, as long as one or more of the following terms describes you:

--"the highest earners"
--"the wealthiest 1 percent of the population"
--"the wealthiest Americans"
--"hedge fund managers and private equity investors"
--"an individual earning $110,000"
--"4 million taxpayers with income in the mid- to high six figures"
--"Estates over $5 million"

To those of you who fit the descriptions above, congratulations! Really, is anyone not making out like a bandit, with this tax-cut compromise?

Link: http://www.huffingtonpost.com/2010/12/07/tax-cut-compromise-whose-taxes-rise_n_793572.html

________________________________________________________________________________________________

Unfortunately I don't fit into any of those categories, but for those of you who do I guess Congrats may well be in order.
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dennis4868 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 09:56 AM
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1. Of course the HUFFINGTON POST has an agenda and leaves out this....
your list above is missing some groups of persons who benefit:
* anyone making more than $20K annually
* anyone who is unemployed in 2011.
* any family making more than $40K annually.
* anyone who couldn't afford losing $600 per child tax credit.
* anyone who couldn't afford having their margin tax rate jump from 10% to 15%
etc

Gotta check your facts before finding something juicy to attack Obama on....RM did it last night as well.
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