reframing: the "income" tax is actually now a LABOR tax

[unblock]

considering all the breaks on dividends and capital gains, corporate loopholes and subsidies, etc., income from any source other than labor is barely taxed, if at all.

it's getting down to salary and wages, that's it.


so, our labor tax gives people a disincentive to work, and employers a disincentive to hire. but it makes overseas investments highly lucrative.

how screwed up is that??

[whistle]

1. Totally screwed up until you realize who are behind this and what their

....true purpose is:

Anglo-Dutch Using Sterling To Bring Down Dollar System?
by Mary Burdman

http://www.larouchepub.com/other/2007/3403sterling_v_dollar.html

[deadmessengers]

3. LaRouche?

HAHAHAHAHAHAHAHA

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

[sam sarrha]

6. thanks, but i will stick with * .. religious fanatic, anti environmentalists, utopianism thru

massive nuclear power plants and mega infrastructure schemes.. digging canals across the country.. nuke plants pumping water for desert farms..

some of what he proposes makes some sense.. but not enough

maybe the 3rd generation Rouchers who sift out the fantacies and will touch the ground with their feet

[China_cat]

2. It's not even a tax.

It's a fee we pay to be allowed to try to maintain ourselves and our families. The less we pay, the quicker our 'employer' is to send our jobs to someone who will appreciate them and pay more for the privilege of today's legalized slavery.

[mrcheerful]

4. Worse then that, you have a large number of middle class people that

believe that the rich pay even more then they do. Just because the rich have more income they believe the rich have to pay more. Then you have studies out there based on nothing more then what the rich people shares of taxes would be if the loop holes and other exemptions weren't in place. These same people also believe that they too will get hit with an estate tax when they die because they know their mothers uncles sisters 4th husband 3rd cousin had his farm taken from the family by estate taxes.

[Selatius]

5. What exactly are the tax rates for dividends and capital gains?

Anybody know?

[unblock]

8. it's not simple, but here's my basic understanding:

if you're in the 25% bracket or higher, then qualified dividends and long-term capital gains (more than one year) are taxed at 15%; otherwise they're taxed at 5%. corporate dividends are "qualified" unless they decided to take a deduction themselves for it. in that case, you have to pay taxes as if they're ordinary income; same goes for short-term capital gains.

real estate: for your primary residence, your first $250,000 of profit is tax-free, as long as you both owned the house and lived there for two years (not necessarily consecutive) out of the last five years each.

investment capital gains are deferred or entirely tax free if they take place in a retirement or insurance vehicle.

[sam sarrha]

7. what i fear most is their using inflation to raise taxes without raising dollar value

it puts us in higher tax brackets with anymore purchising power

[unblock]

9. generally they do increase the brackets each year

it's just the exemption for the minimum tax that's stuck in the 60's.