"wf3h" wrote in message
...
On Sep 13, 1:07 pm, Fred J. McCall wrote:
hk wrote:
:Fred J. McCall wrote:
: wf3h wrote:

: :
: :c'mon harry...don't you have the $5,000,000 that mccain says makes
: :you middle class?
: :
:
: I think that's a great level at which to say taxes shouldn't be
: increased.
:
: You WANT to pay more taxes? I think we need a program that lets you
: folks pick your own tax rate and not steal from the rest of us...
:
:
:I think anyone with income of more than $5 million a year ought to be
aying twice the amount of taxes they're paying now.
:

Why?

--


why not? the largest increase in marginal tax rates occurs on the
middle class. the wealthy get a tax rate of 15% on capital gains
(which is alot less than the middle class pays) AND gets to write off
losses. they get the best of all worlds.

Same 15% you get to pay on capitol gains. They have left the investment
untouched for a long period of time. And those capitol gains can only be
written off up to the the capitol losses + $1000. Lose $10k and no gains to
write against, and you will still be taking a loss 10 years down the road.