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View Diary: Republican House out of touch with Republican voters who want to raise taxes (78 comments)

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  •  100% would raise taxes on Hedge Funds (0+ / 0-)

    I feel certain the question did not explain how Hedge Fund managers pay only 15% on their income. That you could get 47% of Republicans to agree to raise taxes on a specific occupation says how close we are to a class revolt.

    •  you are making it into a leading question (0+ / 0-)

      the q was asked cleanly.

      "Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Groucho Marx

      by Greg Dworkin on Wed Jul 20, 2011 at 12:52:17 PM PDT

      [ Parent ]

      •  Not Clear at all (0+ / 0-)

        Should Hedge fund manager pay the same tax rate as all other occupations on their income or they should they continue to be able to declare all their income as Capital Gains and pay the lower rate of 15%? That would be a clear question. Asking if they should pay more is actually misleading, since raising the rates is a side effect of not being required to pay Income Tax in the first place. Unless people understand that fact, and the additional fact that it is a perk that only they enjoy, nobody could possible give a knowledgeable answer.

        I stand by my assertion that the fact that people are willing to levy what they imagine to be a surplus tax on them as the question implies is an amazing indication of how ready people are to go after the wealthy.

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