Posted on Mar 21, 2010 under Retire Rich | No Comment
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Why do people think rich people pay a lower rate on their income than everyone else?
Posted on Mar 13, 2010 under Retire Rich | 11 CommentsWhile its true capital gains are taxed at a lower rate the riches INCOME is taxed at around 36%.
AND rich people are not the only ones that enjoy capital gains tax rates. Regular people that invest in the stock market like maybe your retired parents, casual investors or people like me.
Because they are Cherry picking the Capital Gains rates and forgetting about the Income tax rates. Go read a Huffington Post article and compare it to the same issue on Heritage. It’s half the information.
These Liberals want to increase Capital Gains which will nail retire people. Wait until they find that out (or when they sell their home). No wonder most of them are kids. They haven’t been bitten by the tax man yet.