0.1% of tax payers pay over half of the capital gains tax

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MSimon
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Joined: Mon Jul 16, 2007 7:37 pm
Location: Rockford, Illinois
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Post by MSimon »

Uh. Effective tax rates never go above 25% no matter what the official rate is. Above that amount there is cheating or buying municipal bonds. Or moving out of the country.

Electronics is very capital intensive. I'd hate to see that capital taxed away.

And of course some capitalists just buy the government. I'm sure that is the effect you were hoping for. A more corrupt government.

You can't do just one thing.
Engineering is the art of making what you want from what you can get at a profit.

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