"Colonel Kurtz" wrote in message
...

On 16-Sep-2010, bpuharic wrote:

Investment income is taxed at a lower rate to encourage investment,

which it does not do. we have lowered the tax rates on investment
income to 15%

Only for 3 more months - then you're "retirement" is screwed even deeper.

The lowest tax rate now is 10% - it will rise 50% on January 1, 2011.
That
makes them equivalent.(50% tax rate increased on the lowest wage
losers???)
Higher tax rates go as high as 40%, at a moderate incom,e. That's lower.
Arithmetic impaired??

It almost certainly won't. The Republicans don't want to allow the rate to
rise for the top 2% in income. They claim, falsely, that actual small
business would be hit.

The Republicans and the Teabaggers claim they want to reduce the deficit,
yet they have no problem adding another $3T to it with tax breaks for the
rich.

It's bad enough that the deficit will increase with the tax breaks for the
middle and lower income groups, but at this point, there's little choice,
since raising their taxes would do much greater harm.


Don't beat yourself up for not understanding grade school economics.

Sounds like you're not really getting what's actually going on.