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Occupy Underground

Fire Walk With Me

(38,893 posts) Wed Jul 31, 2013, 03:51 AM Jul 2013

The "fiscal cliff" scam involved making permanent some aspects of the Bush tax cuts to the rich. [View all]

It's news to me, apologies if it's old to everyone else:

-Retains the 10 percent, 15 percent, 25 percent, and 28 percent income tax brackets from the Bush tax cuts permanently
-Retains the 33 percent and 35 percent income tax brackets from the Bush tax cuts for taxable income under $400,000 (single), $425,000 (head of household), and $450,000 (joint filers). Imposes 39.6 percent tax rate on income above this level.

Details of the Fiscal Cliff Tax Deal
http://taxfoundation.org/blog/details-fiscal-cliff-tax-deal

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Highlight:

The "fiscal cliff" scam involved making permanent some aspects of the Bush tax cuts to the rich. [View all] Fire Walk With Me Jul 2013 OP

Nothing is permanent in our country. JDPriestly Jul 2013 #1