CONGRESS Sucks! (Hypocrites)

[Palehorse]

Hence:

I'll say it again for the cheap seats: "But let's tax the shit out of the blue collar workers!"

[Henry Hawk]

two words..........fair tax

[me]

  Taxed as capital gains taxes and he pays less on his millions of dollars than his secretary pays on her poor ass check.   

http://www.investopedia.com/terms/c/capitalgain.asp#axzz1WOSRLsxH

Capital Gain

What Does Capital Gain Mean?
1. An increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold. A capital gain may be short term (one year or less) or long term (more than one year) and must be claimed on income taxes. A capital loss is incurred when there is a decrease in the capital asset value compared to an asset's purchase price.

2. Profit that results when the price of a security held by a mutual fund rises above its purchase price and the security is sold (realized gain). If the security continues to be held, the gain is unrealized. A capital loss would occur when the opposite takes place.


Read more: http://www.investopedia.com/terms/c/capitalgain.asp#ixzz1WOUTICED

And you'd be wrong.  Most of this type of payment is distributed via stock options and as "deferred income".

http://www.businessdictionary.com/definition/deferred-income.html

deferred income   
Definitions (2)
1. General: Income received after the period in which it was earned, such as sales commission that is computed quarterly.

2. Accounting: Income received or recorded before it is earned, and shown in the income statement only when it can be matched with the period in which it is earned.

http://taxes.about.com/od/taxglossary/g/dividends.htm

Dividends
Definition: Dividends are a share of a company's profits that is divided among shareholders. People who own stocks, bonds, or mutual funds, may receive dividends from those investments.
Dividends are taxed either as ordinary income or as qualified dividends. In order to be taxed as a qualified dividend, the investor "must have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date," as the IRS explains in Publication 550.

The tax rate on qualified dividends is 0% or 15% (depending on the individual's income tax rate). If the individual has a regular income tax rate of 25% or higher, then the qualified dividend tax rate is 15%. If the individual's income tax rate is less than 25%, then qualified dividends are taxed at the zero percent rate.

Ordinary and qualified dividends are reported on Form 1099-DIV. All dividends paid will be reported as ordinary dividends on Form 1099-DIV box 1a. Some or all of these ordinary dividends may be qualified dividends. Qualified dividends are reported on Form 1099-DIV box 1b.

[Palehorse]

 

[Exterminator]

Is there a point?  The information you posted reinforces what I said...and I didn't need to look it up.

[The Troll]

Is there a point?  The information you posted reinforces what I said...and I didn't need to look it up.

  Hell, I thought anyone with a brain knew what Capital Gains tax was.  It's easy, it means that if you have to work everyday.  Sweat, scrap by, you pay payroll tax of 18% up.

  If You stole a bunch of money in scams, crooked stock market deals and rip off people in bank deals, clip coupons or inherit a gob of money, you only have to pay 15% even if you make Billions and Billions of money.  Sound fair to me.   

[me]

  Hell, I thought anyone with a brain knew what Capital Gains tax was.  It's easy, it means that if you have to work everyday.  Sweat, scrap by, you pay payroll tax of 18% up.

  If You stole a bunch of money in scams, crooked stock market deals and rip off people in bank deals, clip coupons or inherit a gob of money, you only have to pay 15% even if you make Billions and Billions of money.  Sound fair to me.   

You seem to have missed the part where if the individual's income tax rate is less than 25%, then qualified dividends are taxed at the zero percent rate.

[The Troll]

You seem to have missed the part where if the individual's income tax rate is less than 25%, then qualified dividends are taxed at the zero percent rate.

  Prove it! Jelly Roll.