Quote:
Originally posted by lrrs167
BTW, Teh-ray-sah Heinz-Kerry released the first two pages of her 2003 tax returns, not the complete return, you "scumbag idiots"(this is exactly what she thinks of you and I), and she paid only a 12.4% tax rate on her $5+ million reported on those pages. I'll bet that everyone reading this paid taxes on their income well above that rate and NONE made anywhere near that much. |
Given that she's a principal holder in a major corporation, doesn't it seem reasonable to assume that her primary source of income might be from the sale of stock / options held for more than one year and/or dividends on long term holdings? Which are taxed at 15% for someone of her income, down from 20% as part of the latest tax cuts.
However the inequity of it all isn't so bad when you consider that capital gains / dividends are directly related to corporate profits, which are already taxed at close to 50%. Besides that, the case that a low capital gains tax is necessary for a healthy economy has been made fairly decisively IMHO. Nonetheless, it does seem unfair sometimes that Joe CEO gets taxed at 15% on his 4 million dollar option sale while you get stuck at 25-30% on the income you earn doing actual work.