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Old 11-04-2011, 08:43 PM
Wizard24 Wizard24 is offline
Wizard24 is mixing up the diet.
Join Date: Dec 2008
Location: North Cack
Posts: 487

I could not open the links that you supplied from work (actually they just about shut down my computer trying to open them) but I am going to guess that they point out that due to the lower rates on capital gains these millionaires end up paying lower tax rates overall than those whose $$ just comes from ordinary income. While the math on this may be completely true it is disingenuous to use this as a reason to increase taxes on the “rich”. I firmly believe that capital gains should be taxed at a lower rate than ordinary income. Think about it.

What would happen if the IRS raised the capital gains tax to the same 35% rate as ordinary income?
"Heaven and earth shall pass away, but my words shall not pass away." - Matthew 24:35

"But the fruit of the Spirit is love, joy, peace, longsuffering, gentleness, goodness, faith, meekness, temperance: against such there is no law." - Galations 5:22-23

Last edited by Wizard24; 11-07-2011 at 03:48 PM.
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