I thought all the hand waving recently about “tax the rich more” and “rich people should pay more” and all the tax changes was really suppose to do that.
Then I see this gem of new tax lax for capital gains, and it seems like it’s once again favoring rich(er) people who derive most of their AGI from capital gains versus people who earn salary at the same AGI.
In other words, I think it’s ironic that despite all the calls and hand-waving our politicians have been saying about “tax the rich more”, they really aren’t doing anything to change much.
Where they are taxing people are not necessary “rich”, but upper income people that are just below the rich who derive most of their larger income from wages (IE doctors, lawyers,etc)…..
It’s actually quite comical imho….
Not that I mind the favorable treatments on capital gains. But it does strike me as odd that we would go through tax changes, and fundamentally it’s new bosses doing old bosses same things..[/quote]
This is why for all the dems claim that they won the tax debate in the deal last year was it? setting capital gains still at 15%/20%, dividends same as before, etc, nearly everything I’ve seen states that the republicans actually “won” the debate when these tax rates were maintained for the foreseeable future. The dems “loss” when the social security holiday was upped by 2% since that affects the poor more.
I’m all for lower taxes all around since the govurnmnent wastes enough of our money…
There’s no tax increase that a politician doesn’t like.
