General Discussion

marmar

(80,072 posts) Tue May 15, 2012, 09:38 AM May 2012

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

7 replies

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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

dawg

(10,777 posts)

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

Reply to marmar (Original post)

Tue May 15, 2012, 09:47 AM

May 2012

Which includes the fees earned by hedge fund managers.

tk2kewl

(18,133 posts)

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

Reply to dawg (Reply #1)

Tue May 15, 2012, 10:40 AM

May 2012

the ultra rich investor class gets to pay far less

TahitiNut

(71,611 posts)

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

Reply to dawg (Reply #1)

Tue May 15, 2012, 12:16 PM

May 2012

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

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

Starry Messenger

(32,382 posts)

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

Reply to marmar (Original post)

Tue May 15, 2012, 09:50 AM

May 2012

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

TBF

(37,177 posts)

7. +1 nt

Reply to Starry Messenger (Reply #2)

Tue May 15, 2012, 12:38 PM

May 2012

L. Coyote

(51,134 posts)

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

Reply to marmar (Original post)

Tue May 15, 2012, 10:31 AM

May 2012

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?

Scuba

(53,475 posts)

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

Reply to marmar (Original post)

Tue May 15, 2012, 11:37 AM

May 2012

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