http://slog.thestranger.com/slog/archives/2012/12/05/ronald-reagan-comes-out-in-favor-of-raising-taxes-on-the-wealthy Comments On: Ronald Reagan Comes Out in Favor of Raising Taxes on the Wealthy by Paul Constant en-us Copyright 2013 The Stranger. All rights reserved. This RSS file is offered to individuals, The Stranger readers, and non-commercial organizations only. Any commercial websites wishing to use this RSS file, please contact The Stranger. webmaster@thestranger.com (The Stranger Webmaster) Wed, 22 May 2013 00:00:01 -0700 Wed, 22 May 2013 13:45:00 -0700 Foundation http://blogs.law.harvard.edu/tech/rss
Bush not only reduced the capital-gains tax rate, but also categorized dividends as capital gains (which had been subject to income-tax rates previously) AND reduced estate taxes.

If the Bush tax cuts expire, Romney's capital gains will be taxed at 23.8%* (currently it's 15%), and his dividends will be taxed at 39.6% (currently it's 15%). The estate tax exemption will drop from $5.1 million to $1 million, and the estate tax rate above that threshold goes from 35% to 55%.

So you'd think the House Republicans would make a deal to salvage at least SOMETHING. But anything viewed as a compromise with Dems on taxes will all but guarantee their ouster by some Tea Party mouth-breather in the 2014 primaries. And the only thing they care about more than their rich supporters is their jobs.

* The pre-Bush capital gains tax rate was 20%. Obamacare additionally levies a 3.8% surcharge for high earners ($250K/$200K). This surcharge kicks on Jan 1.
Posted by Free Lunch]]> Wed, 05 Dec 2012 20:07:59 -0800 The Stranger We don't negotiate with terrorists!
Posted by venomlash]]> Wed, 05 Dec 2012 19:14:59 -0800 The Stranger http://dregstudiosart.blogspot.com/2011/… with some Cold War Hollywood!
Posted by dregstudios]]> Wed, 05 Dec 2012 16:05:04 -0800 The Stranger Does it really matter if the top tax rate is 35% or 38%?

Romney's only paying 17% anyway.

You can make it 100% and the top dogs will figure out how to circumvent it so what's the point.

This whole exercise is about how both sides can screw the middle class out of $1000 to $3000 a year.


Posted by Supreme Ruler Of The Universe]]> Wed, 05 Dec 2012 16:03:57 -0800 The Stranger Posted by Original Andrew]]> Wed, 05 Dec 2012 12:39:52 -0800 The Stranger Posted by Urgutha Forka]]> Wed, 05 Dec 2012 11:49:41 -0800 The Stranger least as much percentage-wise in taxes as librarians, secretaries, and bus drivers. Yay Reagan!
Posted by treacle]]> Wed, 05 Dec 2012 11:36:09 -0800 The Stranger Posted by internet_jen]]> Wed, 05 Dec 2012 11:35:22 -0800 The Stranger Posted by jzimbert]]> Wed, 05 Dec 2012 11:31:45 -0800 The Stranger
Why they do not hold up Eisenhower as the true conservative icon is beyond me. But I guess he did warn about out of control military spending which the republicans seem to love.

Jon Stewart destroyed the GOP's obstructionist tactics regarding the fiscal cliff last night though. Great segment. I am surprised Dan has not already posted it.

Basically, the "deal" the GOP is offering is worse for the poor and middle class than the actual fiscal cliff, because it slashes even more from entitlements, while offering even less in revenue.

It is shameless.
Posted by Theodore Gorath]]> Wed, 05 Dec 2012 11:28:35 -0800 The Stranger Posted by Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn]]> Wed, 05 Dec 2012 11:25:29 -0800 The Stranger Posted by DOUG.]]> Wed, 05 Dec 2012 11:22:04 -0800 The Stranger