On Sep 28, 9:35*am, Jack wrote:
On Sep 27, 9:29*pm, wf3h wrote:


the capital gains tax is 15%, minus deductions for losses.

Capital gains is a tax on investments. *You *hope* you get to pay a
15% tax on a gain, because the alternative is that you lost some, or
all, of you initial investment. *Meanwhile, you're still paying 35% on
your income, which is what you used when you gambled on the
investment.

it's a tax on investment INCOME. you pay it when you SELL the
investment otherwise you don't pay taxes on equities.

not too sharp at this are you?



So take a working professional making $500k a year, with $200k in
adjusted capital gains. *Since deductions have long been phased out at
this income level, we can apply some simple math and see this person
pays about $205k in taxes. *That's not enough? *Why do you want to
penalize people that worked hard and becaome successful?

?? gee you want to tax and penalize the middle class which works
hard...harder than the rich.

the hedgefund managers in your mind are worth more than firefighters,
nurses, police officers, etc. after all the hedgefund manager made
$100M by gambling, and he only pays 15% tax rate. so in your mind, the
firefighter SHOULD pay a 28% rate because he's committed the sin of
'not being successful'

yeah you're a sock puppet for the rich, all right.





The rate for Long Term Capital gains is 15% for the "rich", and 0% for
the poor. *Ooops.

that's because the poor work for a living and pay 28%.

You're terribly confused. *The single income range for a 28% tax rate
is $78,851 – $164,550; married filing jointly is $131,451 –
$200,300... hardly "poor". *Your irrational hatred of successful
people is blinding you

ROFLMAO!!! that's a middle class income, as opposed to your view of
the rich who only pay 15%

of course you're kind of dumb so don't know the difference between
investments and investment INCOME...