wrote in message
...
On Fri, 22 Jan 2010 09:51:41 -0800, "nom=de=plume"
wrote:


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.


They still benefit form the 15% rate. A person who sells a small
business, rental property, second home or a home they inherited are
examples of people who would be screwed if they took this as regular
income. It isn't all just the stock market.
The mere fact that you are shocked that boomers can afford to retire
means you and your friends are not familiar with investing but lots of
people do it, even young people.
Who do you think all those "Scott trade" and "Ameritrade"ads are aimed
at?


I never said they wouldn't benefit. Read over what I said one more time.

Scott trade/Ameritrade? They're for fools who do day-trading?

--
Nom=de=Plume