These 2 Tax Charts tell you exactly who won finance Cliff- Deal
Today News : There's a lot I do not like to rock the financial transaction, but the biggest thing I do not like, expiring tax cuts on wages. As you can see from the chart below, the Tax Policy Center, it lowers the after-tax income of all at least 1 percent, despite the lower 99 percent of the Bush tax getting updated and renamed as the Obama tax reduction.
(1) five-year extension of the tax credit incentive. In 2009, the incentive to extend credit to the Earned Income Tax, Child Tax Credit, and the American opportunity tax credit, and in 2012 expanded the financial transaction rock all of them for another five years. These loans are subsidized low-income families, especially with children or people who are enrolled in high school, and all of them partially refundable, that is, households can get them, even if their tax liability is zero - that is why they are such a big deal in households earning $ 20,000 and less. This is a safety net, made by conservatives like, as households have to work to get these loans.
(2) the expiration of the payroll tax cut holiday. Half of the employees from the payroll tax were cut two full percentage points, from 6.2 to 4.2 percent over the past two years. Now that it's over. As I mentioned above, so all will take home less money than in 2013, in 2012, although it's not that big a deal for households was $ 200,000 or more, because the payroll tax is only paid on the first $ 110,100 income.
(3) Return of the Clinton-era rates (or more) for income over $ 400,000 / $ 450,000. The top marginal rate back to 39.6 per cent of income at $ 400,000 for singles and $ 450,000 for married couples. Remember, this is the marginal rate, so the more income you have above the threshold, the more difficult the higher rate hits you, which you can see in a much smaller tax increase for people making half a million dollars compared to those making more. The deal brought back limits on deductions and benefits for employees high, known as Pease and PEP, the income of individual / joint filers over $ 250,000 / $ 300,000 and $ 375,000 / $ 425,000, respectively. But taxes are higher than they were under Clinton, when it comes to capital gains and dividends - rates rise from 15 to 23.8 per cent, from 3.8 per cent in the last connection with Obamacare income tax for individual / joint filers making $ 400,000 / $ 450,000. Remember, the top 0.1 percent of households account for half of all capital gains, so this is no small matter.
Today News : There's a lot I do not like to rock the financial transaction, but the biggest thing I do not like, expiring tax cuts on wages. As you can see from the chart below, the Tax Policy Center, it lowers the after-tax income of all at least 1 percent, despite the lower 99 percent of the Bush tax getting updated and renamed as the Obama tax reduction.
(1) five-year extension of the tax credit incentive. In 2009, the incentive to extend credit to the Earned Income Tax, Child Tax Credit, and the American opportunity tax credit, and in 2012 expanded the financial transaction rock all of them for another five years. These loans are subsidized low-income families, especially with children or people who are enrolled in high school, and all of them partially refundable, that is, households can get them, even if their tax liability is zero - that is why they are such a big deal in households earning $ 20,000 and less. This is a safety net, made by conservatives like, as households have to work to get these loans.
(2) the expiration of the payroll tax cut holiday. Half of the employees from the payroll tax were cut two full percentage points, from 6.2 to 4.2 percent over the past two years. Now that it's over. As I mentioned above, so all will take home less money than in 2013, in 2012, although it's not that big a deal for households was $ 200,000 or more, because the payroll tax is only paid on the first $ 110,100 income.
(3) Return of the Clinton-era rates (or more) for income over $ 400,000 / $ 450,000. The top marginal rate back to 39.6 per cent of income at $ 400,000 for singles and $ 450,000 for married couples. Remember, this is the marginal rate, so the more income you have above the threshold, the more difficult the higher rate hits you, which you can see in a much smaller tax increase for people making half a million dollars compared to those making more. The deal brought back limits on deductions and benefits for employees high, known as Pease and PEP, the income of individual / joint filers over $ 250,000 / $ 300,000 and $ 375,000 / $ 425,000, respectively. But taxes are higher than they were under Clinton, when it comes to capital gains and dividends - rates rise from 15 to 23.8 per cent, from 3.8 per cent in the last connection with Obamacare income tax for individual / joint filers making $ 400,000 / $ 450,000. Remember, the top 0.1 percent of households account for half of all capital gains, so this is no small matter.
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