Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
not a bad deal, since they earn, like 10X the amount.
So lets to the math. 4x the rate times 10x the amount (your figure) = 40x the actual amount of taxes paid than the non-wealthy. Seems way more than fair to me.
Because most of what Obama is doing is targeted at income besides earned income and 99.5% of Americans will stop listening to an proposal the minute you say the words "capital gains" because it is to hard to understand.
First you argue it's people who earn dividends then when confronted you change your argument lol. And there we have it folks...
If tax rates go UP they would be given a raise??? Please explain that?
Can you explain why people would rather cry about working for walmart instead of starting a business since you say it's so easy?
Add "economically illiterate" to the list, as well. If an employer wishes to keep employees, he/she must generally offer competitive wages. In a market economy, if an employer refuses to raise wages, even as tax and health care costs on employees rise, employees will look elsewhere. If you lived in a state in which the tax burden for the masses was dramatically lowered, you would find wages stagnate. I you were in a state in which the tax burden on individuals was dramatically increased, you would find wages start to increase to keep pace.
So do retirees who are the largest group using dividends/cap gains to supplement their retirement income.
Exactly. I was going to say this but you have to be careful not to confuse them with too much sense. They can only argue poorly one part of it at a time. The left just screwed mom and dad, grandma and pappy and then feel good about it to boot.
First you argue it's people who earn dividends then when confronted you change your argument lol. And there we have it folks... an Obama pawn.
Nope part of the problem is the dividends and capital gains rates. The other part of the problem is they have been out of whack for a while now. We need to do something to make up the lost ground.
The legitimatge needs of the state amount to about 30% of what is actually spent. The rest is just playing favorites in exchange for votes, and leftist attemps at social engineering - both illlegitimate.
So do retirees who are the largest group using dividends/cap gains to supplement their retirement income.
Chances are they will not be affected. Basically the Cap gains rates are very similar to the earn rates for low income. It is just they are much much lower when you get to the higher income.
"The richest 1 percent of the U.S. population went from just over 9% of U.S. national income in 1974 to 23.5% in 2007, with average incomes rising from $337,100 to $1.2 million. (All these figures are in inflation-adjusted 2007 dollars.) The only time on record (that is, since 1913) that this share was higher was in 1928, just prior to the Great Depression.
The richest 1/10th of 1 percent of the U.S. population went from 2.7% of the national income in 1974 to 12.3% in 2007, with average incomes rising from $1 million to $7.1 million.
The richest 1/100th of 1 percent of the U.S. population (about 15,000 families) went from under 1% of the national income in 1974 to more than 6% in 2007, with average incomes rising from $4 million to $35 million.
In contrast, the average American household went from $47,900 to $71,900, mostly due to individuals working more hours and more family members in the paid work force."
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
