"Bill McKee" wrote in message
m...
"nom=de=plume" wrote in message
...
"Bill McKee" wrote in message
m...
"nom=de=plume" wrote in message
...
wrote in message
news
On Thu, 21 Jan 2010 10:41:55 -0800, "nom=de=plume"
wrote:
I agree the rich are getting richer but if you make less than
$65,000
you get the best deal on capital gains. (5%)
And, you have less money to begin with, thus your "best deal" isn't so
great. Let's say you claim $10K in capital gains and pay 5%. Your net
is
$9500. Cool. Now, let's say you claim $100K in capital gains and pay
20%
(just for fun). Your net is $80K. So, looking at it in actual dollars,
which
is the "better deal" or rather, which one would you rather have?
Huh? Of course we would all rather have Warren Buffett's tax problems,
we WERE talking about tax breaks for the rich and in this case a
person making $65k gets a 10% better rate on his gains than Warren
Buffett. That $65k is also pro rated so even if you make more, you
still get a break on some of it, proportional to how much you make
more than $65k.
Go look at your 1040 book for capital gains and see if you can make
any sense out of that worksheet. Until I figured out there was a 5%
rate it didn't make any sense to me but I do know I didn't pay
anything near 15% on my gains last year.
Huh? You don't have to be Buffett to be rich. A person who makes $65K,
especially one who has a family/kids is hurting on that salary in most
places.
--
Nom=de=Plume
Bull. $65k is good money in most of the US. Not California with excess
taxes, and overpriced real estate. And is a sad commentary when you say
$65k is being poor. Means you are out of touch with reality and also
that the government, under both Dem's and Repub's, have inflated the
dollar that much in about 30 years. 1980, $23k was a midlevel degreed
engineers salary. You could buy a nice home in a nice neighborhood on
that salary.
Not Bull... check it out...
http://www.census.gov/hhes/www/incom...medfaminc.html
--
Nom=de=Plume
That is the median. You are talking about being poor at $65k.
Yes, that's the median. Someone who's making the median and has four kids is
hurting, unless you're out of touch with reality.
--
Nom=de=Plume