Page 2 - Top Bracket News Today

Million. he took $5.5 million in deductions. federal income tax bill was $1.9 million. 16% was his tax rate in 2015. the top bracket is 39.6%. buffett pays mostly capital gains tax. this is the buffett rule to force millionaires to pay a minimum of 30% of income taxes. >> 72 years. warren buffett saved his tax returns for 72 years? when he was a kid? >> i have my first tax return. >> what is wrong with you? >> i was 14. >> i have mine. the chicago cubs one win away from advancing to the nation...

Bracket was 70%, all the way to ronald reagan. should we have said its decided, the top bracket is 70% or run over ronald reagan who said high tax rates are crippling the economy. lets lower the rates even though it goes against the tradition. lets lower taxes on everyone and maybe well spur the economy. he was right. obamacare hasnt been in place at all and were still fighting against it. i think we should continue to fight against it. theres going to be disagreements on whether or not the gove...

Didnt say it. he wants to get rid of the estate tax. the wealthiest people that got a quarter billion bucks in the bank, they want to keep it for their kids when theyre gone. thats for the rich. 47%, he said people on social security are a bunch of bums and parasites. now hes saying i just want to save what they have. and this thing about pre-existing condition. he didnt tell the truth last night. he doesnt have a plan to cover it. >> he lied. >> his guy came out and made sure, he said he didnt ...

toss the head set fell. >> zimmerman says he was acting in self-defense and has never been arrested or charged, but martins family and their many supporters claim that racial bias in the shooting and the investigation. so now the fbi has stepped in and the justice department has opened a civil rights investigation. cnn legal analyst sunny hostin joining me now with more on all of this. why dont we go ahead and start with trayvons cell phone friend. i understand you actually have a copy...

this volatile republican nominating contest. since the last debate nearly a month ago, rick santorum has surged into the lead in the national polls. but its a mitt romney-santorum dead heat in one of the states that votes next, thats michigan. and the polls here in arizona suggest a late shift here perhaps in governor romneys favor. our chief political analyst gloria borger is here to get us started. gloria lets focus on the poll here today. we had a poll out yesterday that showed a re...

Increases are off the table, not to be discussed, never. dont even think about it, no matter what. so successful is grover norquists lock on republican thinking that it has extended its influence to democratic party thinking, including president obamas thinking. when george w. bush came into office, he proposed cutting every income tax rate from the top income tax bracket down to the bottom tax bracket. and congress did so. even though the country had thrived under the clinton income tax bracket...

To be discussed, never. dont even think about it, no matter what. so successful is grover ç norquists lock on republican thinking that it has extended its influence to democratic party thinking, including president obamas thinking. when george w. bush came into office, he proposed cutting every income tax rate from the top income tax bracket down to the bottom tax bracket. and congress did so. even though the country had thrived under the clinton income tax brackets. the democrats position and...

Talks about, vice president biden, any of treasury secretary geithner they -- >> the administration is on one page, were sunsetting the top bracket. but you talk to members of congress and they would like a one-year -- >> would president obama veto? think about that. is the president of the united states going to veto the extension of the current tax rates for the next year? >> i think he will. thats all hes got. class warfare. thats all they have. theyll stick to it. >> bret: straight ahead, th...

House districts at risk. >> they need 40. >> the 39 to switch the control. it could be as many as 55. the difference will be small. in 2006, 15 seats moved the house from democrat minority to democrat in ae majority. you add up the cumulative margin between the winning democrat and losing republican and out of 82 million votes, the margin was 27,022 votes nationwide. >> we had nancy pelosis number two or advisory in the house, saying no lame duck session to decide tax cuts. do you believe it? >>...

Were just made public. what are you learning? >> reporter: thats right. wolf. $1.5 trillion tax cut. a sweeping overhaul. hundreds of pages long. entire u.s. tax system. and now we know exactly whats in it. if you look at the top line, wolf, obamacare mandate, that is repealed. corporate rate does from 35 to 21% and that change would take effect in 2018. also cuts across the board on the individual side of things. take a look at where they stand currently versus where they will be. right now sev...