Page 30 - Top Rate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And we didn't need to hire high priced accountants and tax attorneys to comb through what is now 70,000 pages of tax code to try and take advantage of all kind of loopholes and deductions and credits, which allow people like president obama to pay a lot lower than the top rate of what is now 43%. you know, the president is in the top tax bracket in our country, thanks to obamacare and the tax increases on january 1, that top rate for all households over 450,000 is 43%. and so, i think most americans at home tonight are looking at the president's income of 650,000, between his book sales and so...

It is this fox trip around the world in 80 seconds. a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned b...

Talk about the implication of the looming fiscalcally. karl rove is former top advisor to george w. bush and joe trippi veteran democratic strategy. we thought it worked with the electoral map and fiscal cliff, get them a room and try to it. welcome back. >> good to be back. >> bret: a different channelchallenge. we talked about taxes. let's start there. the compromise. how do you get the compromise. joe, start with you. >> the president is asking for $1.6 trillion in revenue. there is no way, the top rate of 39%. there is i think there will be a rate increase. there is no way the democrats ar...

And it gives the president a little more leverage, because first of all, he's got his top rate that he wants. second of all, he doesn't have to engage in some hocus pocus about quote, unquote, entitlement reform, a phrase i hate. these are things people have paid for up front. we're trying to control the costs and should do that. but cutting the benefits is a bad idea. we don't have to do that in order to save money on medicare. we can do that by changing the way we pay for it. >> and what the republicans are trying to do is join the spending discussion to the tax discussion. and if you go off...

And it gives the president a little more leverage, because first of all, he's got his top rate that he wants. second of all, he doesn't have to engage in some hocus pocus about quote, unquote, entitlement reform, a phrase i hate. these are things people have paid for up front. we're trying to control the costs and should do that. but cutting the benefits is a bad idea. we don't have to do that in order to save money on medicare. we can do that by changing the way we pay for it. >> and what the republicans are trying to do is join the spending discussion to the tax discussion. and if you go off...