- Current tax rates would be permanently extended for singles making $400,000 or below, and permanently extended for couples making $450,000 or below
- For singles, capital gains and dividends of $400,000 or below would be permanently taxed at 15 percent; capital gains and dividends above $400,000 would be permanently taxed at 20 percent
- For couples, capital gains and dividends of $450,000 or below would be permanently taxed at 15 percent; capital gains and dividends above $450,000 would be taxed at 20 percent
- The Alternative Minimum Tax would be permanently patched
- Estates over $5 million would be taxed at 40 percent, and that tax rate would be permanently extended
Nothing on spending cuts (like, I’m surprised??)
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Or “Running out the clock always results in running out with somebody else’s wallet.”
The Corner is reporting that the AP is writing that a deal has been struck:
- We shall punish the hardworking and successful: