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Why are millionairs sacred cows for the GOP and have lower tax rates than the rest of us?
If the maximum tax rate on a taxpayer's wages is 15 percent or less, long-term capital gains are taxed at 0 percent
www.ehow.com/info_7980470_taxes-capital-gains-vs-wages.html#ixzz298AefFV0
If the maximum tax rate on a taxpayer's wages is 15 percent or less, long-term capital gains are taxed at 0 percent
www.ehow.com/info_7980470_taxes-capital-gains-vs-wages.html#ixzz298AefFV0
8 Answers
- Anonymous9 years agoFavorite Answer
Democrat millionaires pay the same tax rate. You know that, right? Right?
- Don MLv 79 years ago
The top 1% pay almost 40% of all income taxes.
Capital gains should be taxed at a lower rate, because that money has already been taxed before it was invested.
Low capital gains tax rates encourage investment and job creation.
You should learn how to spell "millionaires"--they make our economy grow.
- ?Lv 49 years ago
If you wish to live in that utopian; "Level economic playing field" being promoted by the Obama liberal socialist agenda, I suggest you move to Communist North Korea, or Red China. They actually have a government controlled; LEVEL PLAYING FIELD economically, where you will not have to be jealous of any; "Sacred cows", other than the Politburo, and party bosses. By the way, you miss-spelled the word ...millionaires.
Source(s): A knowledge that free enterprise is what has made America thrive and be great. - Luv2AnswerLv 79 years ago
1. Every rich person I have ever known was a Democrat.
2.Learn how the tax code works because it is obvious you don't. No person EARNING more than you is paying a lower rate. There is something called double taxation.
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- 9 years ago
The folks, voting for Obama to get 'free' stuff, don't work. So, raising taxes makes sense to them ~ more free stuff. That's why these folks don't care about lowering taxes on the working class and entrepeneurs to help create jobs.
- Anonymous9 years ago
Who told you that rich guys pay less tax than the rest of us? RU a college kid?
Source(s): Reality - Awareness of! - ScotLv 59 years ago
Hmmm..... why would Romney (worth about $250 million) and Ryan (worth about $5 million) favour the rich?
That's a tricky one.
- ?Lv 79 years ago
They aren't and they don't and it has been explained a million times here. Try google.