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well, that's certainly one way to do it. i'm not sure if having "cable and internet" qualifies one as middle class, though.
I believe it is a false measure too. In much of the nation the only way to get any TV reception is though a cable provider. Internet access is also becoming a basic necessity and concluding that anyone who has an email account is automatically considered 'middle-class' is dubious.
About 81.3% of the income of the top 400 households came in the form of capital gains, dividends or interest, the IRS data show. Only 6.5% came in the form of salaries and wages.
Right, and what are the rates for cap gains, dividends, or interest?
About 81.3% of the income of the top 400 households came in the form of capital gains, dividends or interest, the IRS data show. Only 6.5% came in the form of salaries and wages.
Right, and what are the rates for cap gains, dividends, or interest?
About 81.3% of the income of the top 400 households came in the form of capital gains, dividends or interest, the IRS data show. Only 6.5% came in the form of salaries and wages.
Right, and what are the rates for cap gains, dividends, or interest?
The capital gains tax rate is 15%, almost TWICE the effective federal income tax rate the highest taxed of the bottom 90% of taxpayers pay.
Many of that 90% pay even less. For example, the top 25-50% group pays an effective federal income tax rate of only 5.56%. That 15% tax rate you're complaining about is nearly THREE times what that group pays.
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