According to my sources the deal will include:
- Bush tax rates would be permanently extended for singles making $400,000 or below, and permanently extended for couples making $450,000 or below
- For singles, capital gains and dividends of $400,000 or below would be permanently taxed at 15 percent; capital gains and dividends above $400,000 would be permanently taxed at 20 percent
- For couples, capital gains and dividends of $450,000 or below would be permanently taxed at 15 percent; capital gains and dividends above $450,000 would be taxed at 20 percent
- The Alternative Minimum Tax would be permanently patched
- Estates over $5 million for singles and $10 million for couples.would be taxed at 40 percent, and that tax rate would be permanently extended.
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