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View Diary: Warren Buffett calls for A Minimum Tax for the Wealthy (107 comments)

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  •  Not earning much money from capital (0+ / 0-)

    at 150k.

    IIRC the median family of 4, household income in NJ is 102k.

    And just for reference 110k is @ the 84th percentile, 186k is the 90th percentile.

    I think the perversion of capital doesnt occur in any of these areas. Lets start at a million> about 99.67%, the top 33%.

    SO if we take the existing top bracket - about 380k and add on 6 brackets:
    2mil-40%
    4mil-41%
    6mil-42%
    12mil-43%
    24mil-44%
    48mil-45%

    We start to see something that resembles brackets that are dollar adjusted, pre 1960 brackets. But without the higher rates and the deductions and shelters pre 1986TRA.

    And those rates and brackets deal with people who arent so much wage earners but use capital to make more money.

    FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Mon Nov 26, 2012 at 10:42:01 AM PST

    [ Parent ]

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