About the Republicans and capital gains taxes....

[Skidmore]

This is not an indepth analysis of capital gains taxes per se because I don't really understand all of the circumstances in which they are applicable. I do know that the only capital gains tax I've ever been remotely close to having to pay was when we sold our old home. We didn't have to actually pay it because I was purchasing another home and we were exempted because of that purchase. I would wager that most Americans right now are not in the position of having to even pay capital gains taxes. I do know that capital gains taxes are required when other types of investments are converted. I used to get the Zogby polls and they always had this question near the end asking if you considered yourself to be part of the "investor class." At first, I used to respond "yes" because, after all, my retirement plan had us invested in the stock market. I gradually began to respond with a "no" because I started to realize that the level at which I was able to invest does not put me or others in similar circumstances in any other financial position other than to hope you can hold body and soul together for a few short years after you retire, if you are fortunate enough to be able to retire--hence, the concept of a fixed income. I guess my take on this whole argument is that the Republicans, in the course of creating an argument for their fiscal policies have built a windmill with which to be tilted by many who will never have to confront it. That it is a construct built to be recognized by those who live on the hilltops and not in the valleys of our economy. Now, I may be wrong in my understanding of this, so feel free to correct me. I just think there are so many people who are not affected by this tax and that perhaps some education needs to occur.

[gopbuster]

1. I saw an article on here last night about the pecentage of small businesses

in the US that PROFIT (capital gains) over 250,000 per year and it was only something like 1%. I believe it only included "sole proprietorships" and maybe not LLC's or S-corps. So bump it up and I'll bet this still doesn't go over 10%.

As far as the investor class goes, Many have lost money through all of this and those that are making money I think can afford to pay another 3% if that is in fact what it is. I paid it back during the Clinton years.

Who is selling a home and making money right now to have to pay cap gains? Not anyone I would think.

Joe the Plumber is full of crap IMO...his business would have to be doing total revs of 2.5 mil to be pulling in $250,000

[Skidmore]

2. I'm so hoping that Olbermann exposes Joe the Plumber for the fraud he is

tonight.

[gopbuster]

3. I'm thinking so too.....The BO campaign can use this as another nail in the coffin as well,,,,

as it is clarified either regarding his background or the facts about the tax plan come out in the MSM.