- Joined
- Nov 14, 2009
- Messages
- 23,881
- Reaction score
- 19,552
- Location
- Rocky Mtn. High
- Gender
- Male
- Political Leaning
- Progressive
I love the love the left has for the clinton tax rates.
Its not a love of Clinton tax rates, but the preference in the multiple choice question. As there are no current proposals on the table to raise or lower taxes other than the proposal to extend the temporary tax cuts as enacted in 2001/03 and extended in 2010. No one, at the moment, has the political courage to step outside the box of the question of to extend or to not extend or to partially extend.
The partial extension, which seems to have the most political momentum, involves institutionalizing (making permanent) all of the temporary tax cuts except for those "making" more than $250,000. That group would have an incremental tax rate as before 2001.... ie: The "Clinton" rates.
Personally, I have stated many times on this board that we should have a top rate on incomes of over $1M of 50% (as the higher the rate on earnings, coupled with low cap gain rates, the more you incent business owners to refrain from salary and re-invest in their businesses)... but that is not part of the multiple choice questions and not likely to happen in this decade.