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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