Occupy Wall Street

[slotdirt]

Originally Posted by jms62

Percentages are meaningless unless you have limited rightoffs. They are not paying anything near 35% hence Warren Buffets statements.

Warren Buffett's statement is true because A., he makes all of his money on investments, and B., the capital gains rate is lower than the federal income tax rate paid by his "secretary." It has nothing to do with income tax percentages or "rightoffs" as you put it.

Are you saying that capital gains and dividends should be taxed at the same rate as income? Because if so, that is beyond a horrible idea.