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Politics : American Presidential Politics and foreign affairs

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To: TimF who wrote (42746)	4/14/2010 5:03:46 PM
From: DuckTapeSunroof	Read Replies (1) of 71588

Ah, the bump in Medicare tax (including a portion of 'unearned income' in the calc.) only for those pulling down more then $200,000 for individuals, and quarter mil. for couples. Yep. That's certainly in there. (Although it affects only a small slice of the pop.) (Of course Medicare had lately been flagged to run into the red by '2017'... so every little bit helps there. Much more lifting still necessary though.) As for the rest... they aren't proposing any changes to the existing legacy legislation that's on the books just yet. Bush's TEMPORARY tax changes are currently scheduled to expire right on schedule at year-end, (except for the lower-class and middle-class tax cuts which Obama has vowed to extend..., and the favorable cap. gains rates for same....) Which returns the top rates to where they were during the Clinton years when the rate of accumulation in the federal deficits was finally reduced to nil. (While keeping and making permanent the Middle Class cuts....)

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