Tuesday, January 01, 2013

Fiscal Cliff News: Live Updates On Congress, White House Negotiations


I have Representative Clyburn's alternative tax rate, should the House GOP sink this agreement, right here:



$250k and less Tax Rates stay the same.



$250,000.01 to $450k rise to Clinton Era Rates of 39.9%



$450,000.01 to $999,999.99 dollars go to 50% rate.



$1 million to $10 million go to 75% rate.



$10,000,000.01 and above revert to Eisenhower rates of 92%



Now, that's what I call a fair compromise.
Read the Article at HuffingtonPost

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