dex
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Oct 28, 2003
- Messages
- 5,105
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_XNvdxZ6vtk&refer=home
Higher-income earners, primarily families with more than $250,000 of income, would face an additional tax burden under a proposal to reinstate limitations on their itemized deductions, which would subject more of their income to tax. In all, top- earning households would pay $636.7 billion in additional taxes over the next decade, Obama’s budget estimates.
+++++
It doesn't say if the 250K is indexed for inflation. So, like the AMT, more people will be paying the higher rates in the future.
This is the answer I wanted = 63.67B/year but it appears that this money will realistically be going to:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aB4axwgbnT2E&refer=home
Obama Pledges $634 Billion for Health Care, Says More Is Needed
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Deficit
10 trillion and counting
Federal Budget Spending and the National Debt
+++++++++++++
I really don't care much about any of these issues any more.
I don't make 250K and I don't think there is any hope that the federal budget will get under control.
But now that we know the number and where the money is going, maybe we can move on.
Higher-income earners, primarily families with more than $250,000 of income, would face an additional tax burden under a proposal to reinstate limitations on their itemized deductions, which would subject more of their income to tax. In all, top- earning households would pay $636.7 billion in additional taxes over the next decade, Obama’s budget estimates.
+++++
It doesn't say if the 250K is indexed for inflation. So, like the AMT, more people will be paying the higher rates in the future.
This is the answer I wanted = 63.67B/year but it appears that this money will realistically be going to:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aB4axwgbnT2E&refer=home
Obama Pledges $634 Billion for Health Care, Says More Is Needed
++++++
Deficit
10 trillion and counting
Federal Budget Spending and the National Debt
+++++++++++++
I really don't care much about any of these issues any more.
I don't make 250K and I don't think there is any hope that the federal budget will get under control.
But now that we know the number and where the money is going, maybe we can move on.