BoatBanter.com - View Single Post - Charlie Cook Sees GOP Winning Big in 2012

Canuck57[_9_]

On 24/11/2011 9:32 PM, wrote:
On Thu, 24 Nov 2011 21:59:37 -0500, wrote:

On Thu, 24 Nov 2011 11:56:31 -0500, wrote:

On Thu, 24 Nov 2011 00:52:05 -0500, wrote:

you're ignoring the whole point to the difference between tax rates
and marginal tax rates. middle class tax rates are 28%. that is a
fact.

What is the effective tax rate? (What you actually pay)
I showed you it is 12% or less for a couple ,making $100,000.

the effective tax rate depends on ALOT of factors, many of which the
right wants to elmiinate for the middle class in favor of cutting
taxes for the wealthy.

aint no right winger talking about eliminating middle class taxes like
they are capital gains

Some of us actually invested our money and like lower capital gains
taxes.

But taxes on gains is a wealth tax.

Say I invest $1000. After I invest you get 100% inflation years later.
Now the investment is worth $2000. And now I sell, I see gains taxes
on $1000, but I only say get taxed on half...so I get taxed on $500.
Say I get a tax rate of 25%. $125 taxes paid and $1875. But wait, to
buy stuff has also doubled by my net hasn't doubled.

Basically inflation as a tax. Works on wages too as the basic
deductions never keep pace with inflation pushing you up the tax tables
over time.

So if you tax it full, well, your company better produce a bigger
dividend to write off the capital devaluation or investment capital will
dry up.

If GDP or inflation goes up 3%, and you only go up 2% net of taxes, you
are 1% behind in your slice of the pie. And taxed on it too.
--
All successful people have one thing in common, if even for a moment
they think rationally.