The wages slaves are generally taxed at a reasonable progressive rate. It’s those guys that make most of their money off of capital gains that are making a killing with their low tax rate.
Yea, that’s part of the Bush tax cuts, too. If you haven’t realize that :P. The capital gain is set to flat 15% for long term i.e. 1 year, lol! It’s time to quit your jobs and start a company!
For those who think they are paying a lot taxes in the 100k-200k range. Please give me a percentage of how much you ACTUALLY paid after the deductions (the IRA deduction, the 60k deduction you took on the hammer, deduction on HELOC etc.)! Also, if you think about it, the reality is that our government is having a serious insolvency issue if you believe in our former federal com controller. Who is to blame? I guess we only have to see which presidents spent the most amount of money in their terms…that will be???
