Tax rates will rise substantially in each tax bracket, some by 450 basis points
That's taking the most extreme examples in the tax code, and probably nothing which affects the typical taxpayer. Most tax rates will only rise incrementally.
Low-income taxpayers will see the 10-percent tax bracket disappear, and they will have to pay taxes at the 15-percent rate
That will probably remain. If not, it works out to about 400 bucks.
Married taxpayers will see the marriage penalty return
That will also most probably remain.
Taxpayers with children will lose 50 percent of their child tax credits
Isn't paying for someone else's children socialism?
Taxes on dividends will increase beginning on January 1, 2009
Up to as high as wages, or unemployment, or just from 15%, to 20% or 25%?
Taxes on capital gains will increase, also beginning on January 1, 2009
Up to as high as wages, or unemployment, or just from 15%, to 20% or 25%?
Federal death taxes will come back to life in 2011, after fading down to nothing in 2010.
This is a tax which only affects multi-millionaires and billionaires. Eliminating something like this while running the largest deficits in history is a fool's errand. BTW, the estate tax will not fade down to nothing in 2010. It'll be changed before that.