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Subject:  Another View of Fiscal Cliff Deal Date:  1/12/2013  5:01 PM
Author:  ResNullius Number:  666078 of 794716

Everyone has been jumping on the Repubs for getting their pockets picked by Obama and his tax machine. Look, without a deal, everyone's tax rates would have gone up, cap gains up, dividends way up, estate taxes way up. With the deal, about 99% of taxpayers see their rates stay at the Bush levels, both for income and cap gains/divdends, and also for estate taxes. AMT also got sort of fixed. Everything considered, it was a great deal for my family. My cap gains and dividend distributions from Vanguard get taxed at 15%. My other income gets all or mostly taxed at 15%. We get a $10M estate tax exemption, indexed for inflation. Yes, Obama gets a little more from the top .5%, but a lot less from everyone else, and the changes are indexed and supposedly permanent, which means they should stay the same as long as the Repubs hold some power in Congress or have the White House. As for SS withholdings, they w