- Joined
- Sep 3, 2010
- Messages
- 120,954
- Reaction score
- 28,531
- Gender
- Undisclosed
- Political Leaning
- Undisclosed
Re: Romney's tax rate is only half as high as the middle class pays
What is pathetic - to use a word of your selection - is the mental gymnastics you are putting yourself through to avoid the reality that many of the wealthy enjoy a tax rate of 15% because of capital gains while people who actually work for the same amount of money are paying 35%. No amount of verbal gyrations changes that reality.
http://www.taxpolicycenter.org/briefing-book/key-elements/capital-gains/lower-rate.cfm
MOre far left psychobabble. The "uber rich MAY OR MAY NOT pay a lower effective rate than the mere rich depending on the source of their income. The uber rich pay the top rate on earned income which has several brackets ending at 35% and they pay the upper of two brackets on investment income. the tax on investment income is not subject to several bracket but only a couple. Your pathetic attempt to confuse the two is just that-pathetic
What is pathetic - to use a word of your selection - is the mental gymnastics you are putting yourself through to avoid the reality that many of the wealthy enjoy a tax rate of 15% because of capital gains while people who actually work for the same amount of money are paying 35%. No amount of verbal gyrations changes that reality.
http://www.taxpolicycenter.org/briefing-book/key-elements/capital-gains/lower-rate.cfm
[/QUOTE][QUOTE]The benefits of low tax rates on capital gains accrue disproportionately to the wealthy. In 2013, an estimated 94 percent of the tax benefit of low rates on capital gains will go to taxpayers with cash incomes over $200,000, and three-fourths of the benefits will accrue to millionaires.
Last edited: