Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains<\i>
I love the idea, but for someone who only receives interest, dividends and capital gains, and no salary, doesn't $200,000 seem sort of a high level of income? I know living costs vary tremendously, but this plan says some rich folks ($4 million in investment assets earning a reasonable 5% per year is $200,000 per year in investment income) pay no taxes.
Anyone able to generate $200,000 per year in investment income is pretty well off, or normal and had a freaking amazing year (a la Hillary in the futures markets awhile back).
The $200,000 cut off seems a touch too high to be completely tax free. It's a hard case to make to the average Joe. |
