Ex737Driver
Contract 2020????
- Joined
- Aug 14, 2004
- Posts
- 1,240
The money in mutual funds that is taxable, is significant. It is also OVERWHELMINGLY concentrated in the top 2-3% of households. That does not mean that many average Americans don't have some, they do, have some.
Take mitt Romney. He made 20+ million last year in income, and paid a lower effective tax rate than every pilot on this board. He also never checked in for an assignment or worked a 12 hour duty day like we did. But we got the privilege of working far harder and paying more of our income in taxes than him.
A tax on capital gains would have a small impact on hardworking middle class Americans.
Good God your a libtard. Romney paid taxes on 14% of his "income" last year due to the simple fact he does not receive a regular paycheck like the rest of us. Your hangup on % vs actual dollars is ludicrous. 14% of $21.6 million is $3.04 million. The middle class family making $50,000 AGI paid %15 or $7500. If Romney is smart enough to figure that out, why can't you? Or do you want him to "share the wealth" with you too? You want to the "Romneys'" of America to pay what you see as their "fair share" no questions asked, yet you seem to think that most other Americans are the hard working, down trodden, put-upon middle class that they've been led to believe they are and that they pay way too much to the federal government already. BS. Show me a food stamp recipient in America and I'll show you the same person holding a cell phone, buying designer name clothes, and shopping at Macy's while waiting for Obama care to pay for her check ups so she doesn't have to go to the free clinic. Time to step up and quit laying your blame game on people in America who are successful.