Romney Child Tax Credit Proposal Is Step Forward But Falls Short, Targets Low-Income Families to Pay for It
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Your Guide to Filing Head of Household vs Single
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break, that may mean a new computer for their kid. it may mean that they re able to make their mortgage payments. it may mean that they can buy a new coat for winter. and that s where our money should be going. carmen wong ulrich is a personal finance expert and joins me now. first of all, i know you have fact-checked this. the president says 97% of americans, 95% of all businesses. absolutely. we re talking about the top 2% of american earners, folks who make over $250,000 per household filing jointly, and singly, $200,000, that s really the top 2%. and they actually pay 50% of our taxes, in full. okay. and what will happen to their tax rate then? listen, it s going to go up from 35%, if this passes, of course, to 39.6%. we re talking about revenues over ten years of over $670 billion from this tax increase. all right. so if you re looking at capital gains and dividend taxes, capital gains, when that was repealed, that was a big deal to