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Politics : Mainstream Politics and Economics
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To: longnshort who wrote (50159)8/3/2013 4:11:00 PM
From: Broken_Clock  Read Replies (2) of 85487
 
dude, the poor don't pay capital gains and you know that.

Capital gains are for the upper 20%, and more specifically for the upper 1% of society.

go spin your bs somewhere else.
The 15 percent tax rate on dividends and capital gains is the reason why Warren Buffett's tax rate is lower than the tax rate paid by middle-income families (including Buffett's secretary). The income of middle-income families comes mostly in the form of salary and wages, which are taxed as ordinary income.
law.umich.edu
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