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To: muawiyah
...but for most of my life there's been an invidious differentiation between wages earned by the poor and dividends accepted by the rich ~ mostly for the purpose of defeating the effect of the personal income tax rates on the rich.

You do realize why there is a distinction between ordinary income tax and capital gains taxes, don't you?

The latter has already been taxed at least once!

And "defeating the effect of personal income tax rates" on investment income isn't limited to just "the rich". A large number of middle class folks and retirees benefit, as well -- justifiably so.

Damn right it's time to end the class war...

260 posted on 09/17/2012 8:17:45 PM PDT by okie01 (THE MAINSTREAM MEDIA; Ignorance on parade.)
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To: okie01
End the war by eliminating the federal personal income tax schedule ~

just do it.

282 posted on 09/17/2012 8:27:22 PM PDT by muawiyah
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