Free Republic

The rich aren't taxed enough and the middle class is taxed too much. As for your taxes, you probably think they're too high as well. Those are the results of an Associated Press-GfK poll that found that most people in the United States support President Barack Obama's proposal to raise investment taxes on high-income families. The findings echo the populist messages of two liberal senators — Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont — being courted by the progressive wing of the Democratic Party to run for president in 2016. The results also add weight to Obama's new...

It's time to grapple with the new 3.8% tax on investment income. The ordeal of 2012 taxes is barely over. But it isn't too early to understand and cushion the blow of the investment-income levy, which Congress passed in 2010 to help fund the health-care overhaul. The tax, which took effect Jan. 1, applies to the "net investment income" of married joint filers who have more than $250,000 of income (or $200,000 for singles). Only investment income—such as dividends, interest and capital gains—above the thresholds is taxed. The rate is a flat 3.8% in addition to other taxes owed. "Affluent...