Boehner's 'Plan B' means higher taxes for middle class
John Boehner, scourge of the wealthy, ctd.
By Greg Sargent, WashPost, Updated: December 19, 2012
The nonpartisan Tax Policy Center has just completed a new analysis of John Boehner’s “plan B” fiscal proposal, which would raise taxes only on income over $1 million. The analysis makes it pretty clear just how ludicrous it is for House Republicans to be expecting Obama to agree to it.
The new analysis sheds fresh light on just how tiny a slice of taxpayers would see a tax hike under Boehner’s plan. It also reveals in new detail just how many households that are very wealthy (but make under $1 million) would actually see their taxes go slightly down.
The basic findings: Nearly half of households in the top one percent would see a small tax cut under Boehner’s plan. Meanwhile, lower and middle income households would see a tax increase under his plan (more on this later).
The key table you want to look at is right here. It shows that 48.3 percent of households in the top one percent would see their taxes go down by an average of $240. Those are people who make between $521,000 and $1 million. Only 28 percent of those in the top one percent (the ones with the highest incomes) would see a tax hike, of around $97,000.
(More here.)
The nonpartisan Tax Policy Center has just completed a new analysis of John Boehner’s “plan B” fiscal proposal, which would raise taxes only on income over $1 million. The analysis makes it pretty clear just how ludicrous it is for House Republicans to be expecting Obama to agree to it.
The new analysis sheds fresh light on just how tiny a slice of taxpayers would see a tax hike under Boehner’s plan. It also reveals in new detail just how many households that are very wealthy (but make under $1 million) would actually see their taxes go slightly down.
The basic findings: Nearly half of households in the top one percent would see a small tax cut under Boehner’s plan. Meanwhile, lower and middle income households would see a tax increase under his plan (more on this later).
The key table you want to look at is right here. It shows that 48.3 percent of households in the top one percent would see their taxes go down by an average of $240. Those are people who make between $521,000 and $1 million. Only 28 percent of those in the top one percent (the ones with the highest incomes) would see a tax hike, of around $97,000.
(More here.)
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1 Comments:
Good! If we want the modern welfare state then everyone should chip in to pay for it.
We're ALL in this TOGETHER!!!!
Do liberals only talk about being in this together or do they actually believe it, and agree to help pay for it? What better way to satisfy that which people were cheering for like crazed little children at the DNC when Bill Clinton told us 'we're all in this together' than to tax EVERYONE?!
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