Sunday, November 25, 2012

Tax Policy Center study adds fuel to debate over Bush-era rates

Raising the cutoff for Bush-era tax rates to $1 million would bring in only marginally less revenue than the Democrats’ preferred $250,000 threshold, according to a nonpartisan analysis.
The Urban-Brookings Tax Policy Center found that extending Bush-era tax rates for family income up to $250,000 a year, as President Obama has long advocated, would raise around $14 billion more over a decade than a $1 million threshold.

Read more: http://thehill.com/blogs/on-the-money/domestic-taxes/269147-tax-policy-center-adds-fuel-to-rate-debate

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