Saturday, July 14, 2012

Why does Washington tax working people more than speculators


Why does Washington tax working people more than speculators?
The tax rate on working class people is much higher than the tax rate in financial speculation. Is the our Government actually making it more attractive to speculate/gamble than actually work hard for a living.
Politics - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
you ask too many questions. just do your work
2 :
We've lumped retired people in with hedge fund managers for taxing purposes. If you point out that the current structure of the Capital Gains tax means billionaires pay 17%, they'll hide behind the retirees who live off their mutual funds and say "You can't raises taxes on the elderly!"