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Friday, November 19, 2010

Obama Tax Increases

Mike Pence & Jim DeMint introduced legislation this week: "Specifics of the plan include keeping the current income tax rates of 10%, 15%, 25%, 28%, 33% and 35% in place. The act would also eliminate the so-called “Death Tax”, keep the current 15% tax rate on capital gains from being increased, as well as permanently patch the Alternative Minimum Tax (AMT) by increasing the AMT exemption."
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