Thread: Why Obama's Policies Will Ruin the Economy
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Old 05-09-2008, 06:31 AM
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Originally Posted by The12thMan View Post
Did you watch the video? Did you not know that about 36% of the people claiming capital gains make under 50K? Knowing how to make money doesn't mean they know about taxes and consequences. They pay people to know those things for them.

BTW, Buffett is lying when he says his secretary pays 32% in federal income tax on an income of 60K. Even if she is single with no deductions, the most she paid was 19%.
As far as I know Obama's proposed increases would only effect the top rate, payed by the wealthy. Currently those making 50K or less only pay 5%.
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