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Transcripts For CSPAN Politics Public Policy Today 20121130

35 , mr. Speaker, is the rate that that 1 are paying today. 35 cents out of every dollar earned by that top 1 today, at the marginal tax rate for those folks. Now, a lot of folks dont realize taxes are already going up next year. The president S Health Care bill, that bill that i was not here to oppose it though i tried to repeal it, i havent been able to get that through the senate, but the president S Health Care bill raises taxes come january 1. So on the top income bracket that the president wants to raise taxes even further on, they have a tax rate increase coming and its coming on january 1. 3. 8 , mr. Speaker. Every dollar of earned income these top 1 earn is going to have a new 3. medicare tax added to it. 3. 8 . 0. 9 , mr. Speaker, thats an increase in the medicare tax on the earned income of these folks. 3. 8 increase on the unearned income, 0. 9 increase on the earned income. 2. 7 , mr. Speaker. Thats the medicare tax that that top 1 is already paying on all of their earned

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