Reply to "President Obama's tax cuts/increases"

lf-tp2511Member

From the same report.

Seems we always hear a lot about how reducing the Capital Gains tax would somehow benefit the economy. Right?

Wages and salaries are the basis for most individual income. Capital gains income comes from investments, not something the average Joe trying to make things stretch from paycheck to paycheck even has. The richer taxpayers have investment income, and we constantly hear a whole lot of how reducing the capital gains tax will stimulate the economy by releasing money for job creation.

Seems to me reducing wage and salary taxes would release a lot more money into the economy.

To me,the bottom line for these charts is this:

Why are the corporations and the rich always complaining, through their controlled media and politicians, about how bad off they have it?

And why do so many regular Joes believe reducing the Fat Cats' share will somehow improve things for those below them?

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