On Sep 13, 11:36*pm, "Calif Bill" wrote:
"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. *

EXACTLY!!! gee even YOU get it!! thank you!!

the BIG difference is that NONE of my income is from capital gains!!
how much of middle class income do you think comes from capital gains?
that's EXACTLY why the rich set up this system...so they wouldnt have
to pay taxes, knowing full well that most of THEIR income is from
capital gains, while middle class income comes from actually WORKING
for a living

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.

my heart bleeds for them.