{"id":36020,"date":"2012-12-03T20:01:37","date_gmt":"2012-12-03T20:01:37","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ibd_presdient_obamas_proposedtax_rates_would_exceed_clinton-era_rates\/"},"modified":"2012-12-03T20:01:37","modified_gmt":"2012-12-03T20:01:37","slug":"ibd_presdient_obamas_proposedtax_rates_would_exceed_clinton-era_rates","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=36020","title":{"rendered":"(IBD) President Obama&#39;s Proposed Tax Rates Would Exceed Clinton-Era Rates"},"content":{"rendered":"<p>&#8230;.President Obama&#8217;s call for a return to Clinton-era tax rates is misleading: If the Bush upper-income tax cuts go away, tax rates will exceed those in place at the end of the 1990s.<\/p>\n<p>The top effective federal marginal tax rate on work income would rise to roughly 44.6% from 37.9% in 2012.<\/p>\n<p>That&#8217;s higher than under President Clinton because of a 0.9-percentage-point Medicare payroll tax hike for upper-income households, which passed with Obama-Care and takes effect in January.<\/p>\n<p>Tax rates on long-term capital gains also will be higher than when Clinton left office if Bush tax cuts expire as ObamaCare&#8217;s new 3.8% Medicare tax on investment gains takes effect. Up to now, only wage and salary income has been subject to Medicare taxes.<\/p>\n<p><a href=\"http:\/\/news.investors.com\/politics\/113012-635276-obama-tax-rates-would-top-clinton-rates.htm\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230;.President Obama&#8217;s call for a return to Clinton-era tax rates is misleading: If the Bush upper-income tax cuts go away, tax rates will exceed those in place at the end of the 1990s. The top effective federal marginal tax rate<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=36020\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,670,149,168,617,675,616,151,667,618,673,587,669,584,34],"tags":[],"class_list":["post-36020","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-budget","category-economy","category-ethics-moral-theology","category-house-of-representatives","category-medicare","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-senate","category-social-security","category-taxes","category-the-national-deficit","category-the-u-s-government","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/36020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36020"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/36020\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}