Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy who wrote (467251)	1/25/2012 12:05:42 AM
From: Elroy	Read Replies (1) of 794102

Obama: High-Earners Should Pay 30% of Income as Tax bloomberg.com President Barack Obama called on Congress to require the highest U.S. earners to pay at least 30 percent of their income in taxes, building on his election-year push for what he terms economic fairness. The president’s proposal in his State of the Union address tonight would create a minimum tax on income exceeding $1 million. That floor would be established in part by eliminating high earners’ deductions for mortgage interest, health care, retirement and child care. Given congressional gridlock, there is little chance of its enactment this year. Interesting. My understanding is that the current AMT doesn't apply at all to income that is derived exclusively from long term capital gains... Instead of raising taxes on investment income, the Obama proposal would create a new 30 percent alternative minimum tax for high earners, said an administration official at a White House briefing prior to the speech. The official wasn’t authorized to speak publicly.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next