On Sun, 17 Jul 2011 21:41:19 -0500, Pete C. wrote:

> sf wrote:
>>
>> On Sun, 17 Jul 2011 20:38:27 -0500, "Pete C." >
>> wrote:
>>
>>>
>>> sf wrote:
>>> >
>>> > On Sun, 17 Jul 2011 17:34:46 -0500, "Pete C." >
>>> > wrote:
>>> >
>>> > >
>>> > > There are a lot of loopholes, because the rich are already over taxed.
>>> >
>>> > You bought into the right wing ideology hook, line and sinker.
>>>
>>> So what is your reasoned argument that give justification to taxing one
>>> person 15% of their income and another 35% of their income, in direct
>>> violation of equal protection.
>>
>> The rich are NOT over taxed, so get it right. Why do the rich pay
>> only 15% on their income, which is mainly capital gains,
>
> From irs.gov, it appears that the capital gains tax rate is 28%, so your
> claim of the rich paying 15% is way off.

what the **** are you talking about? from the IRS site:


7. The tax rates that apply to net capital gain are generally lower than
the tax rates that apply to other income. For 2010, the maximum capital
gains rate for most people is 15%. For lower-income individuals, the rate
may be 0% on some or all of the net capital gain. Special types of net
capital gain can be taxed at 25% or 28%.

<http://www.irs.gov/newsroom/article/0,,id=106799,00.html>

the one time you provide a cite, it disproves your assertion.
congratulations.

blake