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Pastimes : Let's Talk About Our Feelings!!!

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To: Constant Reader who wrote (72397)	1/17/2000 1:17:00 PM
From: Lizzie Tudor	Read Replies (2) of 108807

Do you know what % of fica taxes are paid on capital gains? Do you know how many tax decreases we have had on capital gains while SS taxes were being effectively quadrupled? Do you know how many gen-xers there are for every TEN boomers? Do you know what the current effective tax rate is for an employee in a state-tax state - vs. the taxes that would be paid on the same $$ of passive income? Do you know why stock options are taxed as regular income and other market gains are taxed as capital gains? Since capital gains are skewed towards the elderly and stock options are for working people exclusively? Can you explain to me why when a young person gets a stock option windfall of say, 500K they have to pay $7500 into medicare and when an older person makes 500K (as capital gains) in the markets they pay NOTHING?

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