"wf3h" wrote in message
...
On Sep 13, 11:36 pm, "Calif Bill" wrote:
"wf3h" wrote in message

...
On Sep 13, 1:07 pm, Fred J. McCall wrote:





hk wrote:
:Fred J. McCall wrote:
: wf3h wrote:

: :
: :c'mon harry...don't you have the $5,000,000 that mccain says makes
: :you middle class?
: :
:
: I think that's a great level at which to say taxes shouldn't be
: increased.
:
: You WANT to pay more taxes? I think we need a program that lets you
: folks pick your own tax rate and not steal from the rest of us...
:
:
:I think anyone with income of more than $5 million a year ought to be
aying twice the amount of taxes they're paying now.
:

Why?

--

why not? the largest increase in marginal tax rates occurs on the
middle class. the wealthy get a tax rate of 15% on capital gains
(which is alot less than the middle class pays) AND gets to write off
losses. they get the best of all worlds.

Same 15% you get to pay on capitol gains.

EXACTLY!!! gee even YOU get it!! thank you!!

the BIG difference is that NONE of my income is from capital gains!!
how much of middle class income do you think comes from capital gains?
that's EXACTLY why the rich set up this system...so they wouldnt have
to pay taxes, knowing full well that most of THEIR income is from
capital gains, while middle class income comes from actually WORKING
for a living

They have left the investment
untouched for a long period of time. And those capitol gains can only be
written off up to the the capitol losses + $1000.

my heart bleeds for them.

Huge part of the middle class gets the benifits of Capitol gains taxes.
Fact is, everybody gets the bennies. If you invest in a business or stock
ownership, and do not day trade, you get the benifit. And most of the
middle class is invested in the stock market one way of the other. Plus the
point of capitol gains is to get CAPITOL invested. All those jobs created
in the last at least 1000 years are from some person investing capitol and
time in a business. I owned a business at one time and the employees were
very happy to have a job and get a paycheck each week. I and my buddy
invested $50k and a lot of time in the business. I think the employees made
more per hour then we did. I could have put that in a long term CD and made
+10-12% (was the Carter years), but we gambled that we could get a better
return on starting a business. Maybe you should invest in the stock market.
May be able to move out of the lowest tax bracket. As to Obama saying he is
going to cut taxes for 95% of the people. Impossible. Only 45% pay income
tax in the first place. You have to elect legislators who do not waste
money. And the Republicans with the help of the Dem's over 7 of the last 8
years have wasted lots. The Dem's in charge of the checkbook the last year,
and they have not slowed down waste. 40 of the last 50 years have been
Dem's in charge of the checkbook. They have not done well.