Occupy Wall Street

[jms62]

Originally Posted by slotdirt

Warren Buffett's statement is true because A., he makes all of his money on investments, and B., the capital gains rate is lower than the federal income tax rate paid by his "secretary." It has nothing to do with income tax percentages or "rightoffs" as you put it.

Are you saying that capital gains and dividends should be taxed at the same rate as income? Because if so, that is beyond a horrible idea.

Wow. Nice response you try and put words in my mouth without addressing the main point of my message which is 35% is meaningless and just a talking point. They don't pay anything near 35% and probably most receive a refund to boot. If you think that I said "Are you saying that capital gains and dividends should be taxed at the same rate as income?" then no wonder you don't see that these people protesting are protesting for you and I.

Their point is that our government is being bought by special interests and they are making rules that benefit those special interests at our expense. If you think that you are or ever will be part of this 1% then you are delusional. Additionally you and the Dino's of the world may not be directly affected NOW however this is like a cancer. As our economy spirals downwards you and your business will directly be affected. As jobs become scarce and DEFLATION takes hold everything you everyworked for will become worth less and less.