You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

The Republican budget eliminates taxes on dividends, capital gains, interest, and inheritance. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion: Presidency Donate to DU
Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-16-11 06:33 AM
Original message
The Republican budget eliminates taxes on dividends, capital gains, interest, and inheritance.
Advertisements [?]
Quite simply put, these are rich people's sources of income overwhelmingly. While many people have some amount of these sources on their tax returns, they certainly never constitute a majority or anything even close to it. For the very wealthy, this would exempt from taxation nearly all of their income. In conjunction with a 25% top marginal tax rate for wage income, this would push the effective tax rate for the very high income earners well below the effective taxes paid by nearly everyone else. It is staggering just what this one means and it is a perfect hammer to bludgeon the Republicans with.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » General Discussion: Presidency Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC