Originally Posted By: Tom Joad
Sounds like the class is caught up in a battle of ideology and semantics fueled by belief dependant realism. I doubt most of you will ever wear the shoes of a heavy CG tax burden. Sometimes a different pair of shoes changes your outlook on life.


what heavy capital gains burden? would that be the current 15% or the 20% if the bush tax cuts expire?

my thinking is that income is income. unearned or earned doesn't matter.

also, you might be surprised by the shoes some of us walk in. i don't know your situation and you certainly don't know mine.

i don't presume that the people supporting low rates on unearned income are top 1%'s or derive their primary income from unearned income. i think you and they are wrong, but i wouldn't presume anything about your financial situation.

but you are certainly full of crap when you try to put a company paying taxes on their profits and people selling stock in that same company as double taxation. total 100% bullcrap and you know it.