AliveInHim Wrote:
Nov 30, 2012 4:37 PM
Dorothy, for the umpteenth time the 15% rate is on INVESTMENT INCOME. The money going into the investment account has ALREADY been income taxed at 33% (or whatever the rate is for that level of income). In other words, what you actually EARN by WORKING is first taxed, then any interest you make on after-tax money you invest in savings, bonds, or stocks is ALSO taxed but at a lower rate. In essence, Buffett and others like him are taxed TWICE on the same money. Please tell me what's moral/Constitutional about that?