That fact from George Will on Sameoldstuffolous's show.  He was illustrating how those people need tax cuts, and his horror that Obama might allow tax cuts to expire. It's not just Charlie Gibson's concern: it's EVERYONE's.  EVERYONE makes a hundred grand a year.  It's just YOU that isn't.

Actually he said, "100k a year is a chicago teacher, is a chicago cop."  So maybe he's got two specific people in mind, who inherited a ton of cash.   But that's not the wage of a Chicago teacher.

Will also stated that capital gains are received by people making under 50,000 a year.  It's true. Retired people living off their investments.  Why should I working for my fifty grand, pay full boat up to 28% on my wages, why someone who doesn't work pays 15% on their income?  What is so BAD about WORKING for a living?  Because Gibson has investments?

And Will lies and says Obama accepted premise that cutting cap gains taxes increases revenue.  If Will wants to pretend his OWN stupidity, fine.  But leave the rest of us out of it.

Originally posted to Inland on Sun Apr 20, 2008 at 08:18 AM PDT.


Do you know how capital gains are taxed?

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