[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?

[Susannah]

My mother lives in the same 1950's house that my parents bought when I was in high school. She receives social security & a small pension and her total income is not enough to even file a tax return. She does have some money in an IRA which she will now be able to draw out without paying added dividend taxes.