Skull Pilot
Diamond Member
- Nov 17, 2007
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The 5 deductions listed certainly don't favor the rich, those are available to everyone....dumbass.
Sure they don't
Capital gains: how the rich get richer
Why does billionaire Warren Buffett pay less income tax than his secretary?
Two words: capital gains.
Long-term capital gains, which derive from the sale of investments such as stocks and bonds held for more than a year, are taxed at 15 percent. That’s well below the 35 percent maximum tax rate on ordinary income such as wages.
The preferential tax treatment of capital gains is widely viewed as regressive because the rich, who derive a disproportionate share of their income from capital gains, pay less than half of the tax rate on that income compared to middle-class wage earners.
Yes, capital gains...which happens to be available to everyone...dumbass. When billionaire Warren Buffett decides to pay his back taxes, he may be a better example.
Sure they are
Let me go to my boss and tell him I want my salary paid as a capital gain
You obviously don't know that labor is not a capital asset and therefore not subject to capital gins taxes
Not sure which piece rightwinger is confused with, the labor or the capital asset.
The sure bet is both