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View Diary: Kossacks under 35: This Economy Sucks (58 comments)

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  •  Most Americans still don't believe it (5+ / 0-)

    And this is one area where the right's PR has been devastatingly effective. Most Americans accept the right wing's premises on taxation even though they are wrong.

    •  It does not take a rocket scientist to (2+ / 0-)
      Recommended by:
      tryptamine, jemjo

      see that the tax on capital gains is ridiculously low when compared to the top rate on ordinary income.  A worker (a.k.a. ordinary income earner) is subject to up to 35% marginal income tax before paying the FICA and Medicare  payroll taxes.  On the other hand, the maximum federal tax rate for capital gains is 15%, and capital gains are free from the payroll taxes. That's right.  The capital class does not contribute one thin dime to help support the Medicare program.  

      Obama/Webb 2008 - Change with the muscle to make it happen!

      by ConcernedCitizenYouBet on Thu Jun 05, 2008 at 08:21:48 PM PDT

      [ Parent ]

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