On Sep 28, 11:16*am, wf3h wrote:
On Sep 28, 9:35*am, Jack wrote:

On Sep 27, 9:29*pm, wf3h wrote:

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.

it's a tax on investment INCOME. you pay it when you SELL the
investment otherwise *you don't pay taxes on equities.

not too sharp at this are you?

I know exactly what capital gains are, when they're realized, and how
they're taxed. The term is self-defining, at least to most. You're
the one that started offering mis-information about them. I should
have known that I'd have to spell everything out, since you like to
twist everthing into something it's not. That's your MO.




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?

?? gee you want to tax and penalize the middle class which works
hard...harder than the rich.

I never said that, and you have no basis to say "rich" people don't
work hard. How could you know?


the hedgefund managers in your mind are worth more than firefighters,
nurses, police officers, etc. after all the hedgefund *manager made
$100M by gambling, and he only pays 15% tax rate. so in your mind, the
firefighter SHOULD pay a 28% rate because he's committed the sin of
'not being successful'


The hedgefund manager is a single exception, and that loophole needs
to be closed. However, while a significant portion of their salary
falls uinder the 15% rate, and that needs to be changed, another
portion is taxed at 35%, so your statement is misleading at best, and
an outright lie at worst.

Of course, the vast majority of the "rich" are not hedgefund managers,
have the vast majority of their earnings taxed at 35%, and work hard
for their money.

There are poor people who work hard, and there are poor people that
are worthless human beings. There are rich people that work hard, and
there are rich people that are worthless humans as well. The
difference is that I can see boths sides of the coin, while your
hatred only allows you to see one.




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

ROFLMAO!!! that's a middle class income, as opposed to your view of
the rich who only pay 15%

That's right, it *is* a middle class income, so why did you write "the
poor work for a living and pay 28%"? That's a LIE.


of course you're kind of dumb so don't know the difference between
investments and investment INCOME...

You think the "poor" pay 28% income tax. News flash... the poor pay
little to NO income tax. Re-read your sentence above and tell us
about dumb. cya