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[quote=Anonymous][quote=Anonymous]I assume it's sarcasm too. Cap gains tax is rising as of end of 2012 under the current president, [b]which hurts the middle class[/b] and discourages savings. Just received a brochure from my college urging end of year transfer for appreciated stock because of the cap gains tax increase. Pretty darn clear to me which way Obama wants to redistribute the wealth.[/quote] the middle class don't have capital gains. http://www.taxpolicycenter.org/numbers/displayatab.cfm?DocID=2589 If you don't understand that, it says 47% of all capital gains are earned by those with the highest 0.1% of income. Not the top 1%, mind you -- the top 0.1% of earners. The bottom 80% of households earn just 6% of all capital gains. Raising capital gains taxes won't hurt the middle class one iota.[/quote]
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