[Maximum Leader]

Umm, you're kind of making DPB's point. That 62% income tax rate is on labor.

If you sell stocks or receive, you're only at taxed (now) at 15%. Better yet, if you never sell the stock but rather just use it as a collateral on a loan, you're not taxed at all. If anything Edwards understates his case. The payroll tax is 7.65% on the employee side AND on the employer side, so it's really over 15% coming out of the employee's pocket.

I agree with DPB, it's embarassing that Johnny Edwards is making this point. But it's a sound one.

[Maximum Leader]

Sell stocks or receive DIVIDENDS-- sorry for mangling my second sentence. :o)

[Toddsterpatriot]

Umm, you're kind of making DPB's point. That 62% income tax rate is on labor.

OK, after the insane 62% or higher taxes are paid, I have some money left over to pay for food, housing etc. I take what little is left over and invest it.

You're mad that if, if I make a profit on my investment, (which is hopefully creating jobs and value for the rest of the economy), I only have to pay a 15% capital gains tax? Or 15% on my dividends? The corporation already paid taxes on its earnings, remember?

Did I log onto DU by mistake this morning?