The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31020
Likes: 52381


What's the tax rate on capital gains for someone making $50K


compared to someone making $1M? Qualified dividends are also taxed at the corporate level. I'd be fine taxing dividends as ordinary income, but then make them deductible to the corporation.

With respect to FICA, on balance, the poor get a very good deal relative to the rich (particularly for medicare). The fica tax itself is disproportionately burdensome on lower income levels, but the offsetting SSDI benefit is disproportionately favorable to people with lower incomes (particularly in West Virginia it would seem).


(In response to this post by PBCHoo)

Posted: 10/21/2021 at 09:33AM



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Current Thread:
  Not really, he just wants to return it to normal ** -- GoochlandHoo 10/21/2021 09:51AM
  Without commenting on whether this makes sense, -- fphoo 10/21/2021 08:21AM
  What are the millionaire tax breaks? ** -- BocaHoo91 10/21/2021 08:07AM
  The trump tax cuts that have the “rich” -- BocaHoo91 10/21/2021 11:40AM
  I'm not so sure people on this board are experts -- GoochlandHoo 10/21/2021 09:50AM
  This is all about defer, defer, defer. -- BocaHoo91 10/21/2021 12:26PM
  Yes. And when you’re worth billions -- BocaHoo91 10/21/2021 12:55PM
  I presume he's referring to... -- PBCHoo 10/21/2021 09:27AM
  What’s the difference? -- BocaHoo91 10/21/2021 3:00PM
  I'm not disagreeing with you. -- PBCHoo 10/21/2021 09:45AM
  Yeah, I just get annoyed with the whole -- BocaHoo91 10/21/2021 11:22AM
  It’s not that I think the rich are -- BocaHoo91 10/21/2021 12:38PM
  I think it’s fair they pay more. -- BocaHoo91 10/21/2021 1:00PM

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