On Sep 27, 9:29*pm, wf3h wrote:
On Sep 27, 6:36*pm, Jack wrote:





On Sep 27, 1:05*pm, wf3h wrote:

On Sep 27, 11:48*am, Jack wrote:

On Sep 27, 11:29*am, wf3h wrote:

and you don't have a right to a tax rate of 15% if you're rich. if
you're rich you pay the same rate as the middle class

Another liberal fable. *The rich pay a 35% tax rate on income. *It's
the rich Demoncrats in DC that pay *no* taxes, as we've all seen over
the last few months, eh?

no, they don't. sorry.

Yes they do, sorry.

*the rich make their money on capital gains. and

the capital gains tax is 15%, minus deductions for losses.

Capital gains is a tax on investments. You *hope* you get to pay a
15% tax on a gain, because the alternative is that you lost some, or
all, of you initial investment. Meanwhile, you're still paying 35% on
your income, which is what you used when you gambled on the
investment.

So take a working professional making $500k a year, with $200k in
adjusted capital gains. Since deductions have long been phased out at
this income level, we can apply some simple math and see this person
pays about $205k in taxes. That's not enough? Why do you want to
penalize people that worked hard and becaome successful?


The rate for Long Term Capital gains is 15% for the "rich", and 0% for
the poor. *Ooops.

that's because the poor work for a living and pay 28%.


You're terribly confused. The single income range for a 28% tax rate
is $78,851 – $164,550; married filing jointly is $131,451 –
$200,300... hardly "poor". Your irrational hatred of successful
people is blinding you.