Tue May 15, 2012, 09:38 AM

marmar (60,854 posts)

America's maligned, oppressed, overtaxed wealthy (chart)

Last edited Tue May 15, 2012, 09:40 AM USA/ET - Edit history (1)

7 replies, 1247 views

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7 replies	Author	Time	Post
America's maligned, oppressed, overtaxed wealthy (chart) (Original post)	marmar	May 2012	OP
Except that it's only 15% on long-term capital gains.	dawg	May 2012	#1
yep... those numbers are only for W2 earnings	tk2kewl	May 2012	#4
35% on income from one's OWN labor; 15% on income from another's labor; ...	TahitiNut	May 2012	#6
I wish we could pin this to the top of the forum.	Starry Messenger	May 2012	#2
+1 nt	TBF	May 2012	#7
On income. What is needed is a more comprehensive consideration	L. Coyote	May 2012	#3
Anybody got the corresponding chart for capital gains rates???	Scuba	May 2012	#5

Response to marmar (Original post)

Tue May 15, 2012, 09:47 AM

dawg (5,514 posts)

1. Except that it's only 15% on long-term capital gains.

Which includes the fees earned by hedge fund managers.

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Response to dawg (Reply #1)

Tue May 15, 2012, 10:40 AM

tk2kewl (12,648 posts)

4. yep... those numbers are only for W2 earnings

the ultra rich investor class gets to pay far less

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Response to dawg (Reply #1)

Tue May 15, 2012, 12:16 PM

TahitiNut (71,568 posts)

6. 35% on income from one's OWN labor; 15% on income from another's labor; ...

... and 0% on income from the DEATH of another.

What's not "fair" about that? It's colonial plantation economics - the GOP ideal.

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Response to marmar (Original post)

Tue May 15, 2012, 09:50 AM

Starry Messenger (21,462 posts)

2. I wish we could pin this to the top of the forum.

I'm tired of hearing how put upon the wealthy are in the US.

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Response to Starry Messenger (Reply #2)

Tue May 15, 2012, 12:38 PM

TBF (18,403 posts)

7. +1 nt

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Response to marmar (Original post)

Tue May 15, 2012, 10:31 AM

L. Coyote (31,416 posts)

3. On income. What is needed is a more comprehensive consideration

so the entire tax burden is shown. What percentage of total income is actually spent on taxation would be the best metric. Poor people spend a higher percentage of income on sales and gas taxes, for example, so does this go up or down when the entire financial accounting is considered?

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Response to marmar (Original post)

Tue May 15, 2012, 11:37 AM

Scuba (26,764 posts)

5. Anybody got the corresponding chart for capital gains rates???

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