"Bruce" wrote in message
...
nom=de=plume wrote:
wrote in message
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nom=de=plume wrote:

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nom=de=plume wrote:


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nom=de=plume wrote:



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On Thu, 21 Jan 2010 06:42:08 -0500,
wrote:





capital gains tax was 38% when reagan took office. when bush
left
they
were 15%

when's the last time the MIDDLE CLASS got a 50% tax cut?







BTW the capital gains reduction from 39% to 28% was in 1979
(Carter)





It dropped to 20% in 1997 (Clinton) and Bush took it to 15%

The GOP contribution to your 50% tax cut was 10% of it.




uh...no. the GOP controlled the congress under clinton. so they
forced the 30% reduction from 39 to 28. right before they
impeached
clinton.




So we can blame the last 2 years of Bush on the Democrats?






There was a one year period of 20% during the Reagan
administration
but it was back to 38% when he left.
That is not exactly what you posted or what you implied.




it seems you got it just a bit wrong...




Not so much Who said Reagan dropped the 38% ? (it was in the
Carter
administration)





If they repeal this and allow the cap gains tax to rise, expect
a
big
"correction" in the market as people cash in their profits
before
the
tax kicks in. Too bad if your money is in a 401k and you can't
get
out
but I guess we have already seen that happen recently.




of course this is bull****. there' so much money to be stolen by
the
rich they won't do anything.




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?





It's a measure of success.



Yes, it's a measure of financial success. Your point? "Getting the
best
deal" doesn't mean actually making a lot of money.





It doesn't mean you make less - using your example.


It means exactly that. $9500 vs. $80K? Is that a difficult comparison
for
you? Which would you pick?



As a percentage. It's relative. The two individuals in your scenario
don't have the option to "pick".


No... really? Yes, as a percentage...

If you could chose your situation was the question. duhhh...


That's a pointless question - duhhh.


For a VP of a Fortune 1000 company perhaps?

--
Nom=de=Plume