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Your comment makes no sense Jim. You deposit extra money earned minus marginal tax rate times extra money earned. Marginal tax rates are in the equation.
Wow. You are living proof in the power of well funded propaganda. Romney and Co. are still free to earn 100,000 times what you do. They just need to pay the SAME TAX RATE on their income as everyone else does.
It doesn't. I am rebutting Uber Dave's comment that the wealthy don't have enough assets to run the country for a year.
SFA1973 wrote: "Other men throughout history have tried to make everyone equal." Wow. You are living proof in the power of well funded propaganda. Romney and Co. are still free to earn 100,000 times what you do. They just need to pay the SAME TAX RATE on their income as everyone else does.
I did. The marginal tax rate is what matters since it determines how much of every extra dollar you earn that you get to keep. You are never going to get as rich as Romney and Co. when Romney gets to keep 85% and you only get to keep 67%.
george wrote: "They do pay the same marginal income tax rates as the middle class, you bozo." Wrong. The rich classify their income as special and it's taxed at the flat rate of 15%. The rich don't work W-2 wage slave jobs. The rich make their money from their money.
Wrong. The 15% capital gains tax is applied ONLY to the GAIN on the original investment. The original investment is NOT TAXED AGAIN.
It's German for Liberals above everything else. Hitler has nothing to do with it. Just like calling the First Lady Chewbacca is not racist.
25% Federal tax on every W-2 dollar earned over $34,501 plus 7.65% FICA tax = 32.65% Federal tax on every dollar over $34,501 for the middle class.
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