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View Diary: Why Liberalism Is The Path To The Future (8 comments)

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  •  The top long term capital gains rate in the (1+ / 0-)
    Recommended by:
    nextstep

    90s was 28% and in 1998 it dropped to 20%. It's currently 23.8% (all in) so it's not far from the top 1990s rate.

    "let's talk about that"

    by VClib on Tue Nov 12, 2013 at 09:46:49 AM PST

    •  If total American Assets are 188 trillion (1+ / 0-)
      Recommended by:
      VClib

      and we assume a growth rate of 10%... 5% extra taxed of that yearly income would be how much?

      ($940 billion)

      That extra 5% would pay a few bills.  And the down side? ...  You are not getting super rich as fast.  You are still getting super rich, just not as fast.

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