— The top 1 percent are getting socked with higher income tax rates. Income over $400,000 for individuals or $450,000 for couples will be taxed at a top rate of 39.6 percent, up from 35 percent. Everyone else gets to keep their current income tax rates, which date back to the George W. Bush-era tax cuts.
— The wealthiest Americans will pay higher taxes on their investments. Rates for their capital gains and dividends are rising from 15 to 20 percent. And the tax on estates worth more than $5 million will go up to 40 percent, from 35 percent.
— The alternative minimum tax — designed to keep the wealthy from using loopholes to avoid taxes — will be permanently indexed for inflation so it doesn't catch millions of middle- and upper-middle-income people in its net.
— Tax breaks for families with children, college tuition and low-income workers will continue for five years. A diverse group of temporary business tax breaks were extended for one year.
— Emergency federal unemployment benefits to help 2 million people out of work for at least six months will be extended a year.
— A scheduled 27 percent cut in Medicare payments to doctors will be held off for a year in what's become a congressional ritual.
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