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Money and Finances
Reply to "Study shows that 350k/year is barely scrapping by as middle class"
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[quote=Anonymous][quote=Anonymous]Both sides debating this are idiotic. Yes, its fun to come up with wacky hypothetical to test principles. But you are all wasting your time. Some rich billionaire has paid alot to incite class warfare and you guys are falling for it. Here is the truth: Everyone who has to work for a living lives a very, very different lifestyle from those that don't. Some make more and some make less. Maybe some are rich. As long as the capital gains tax rate is less than the maximal income tax rate, and as long as the Warren Buffets of the world pay a lower tax rates than their secretaries, we are all losing. [b]When a NY City police officer pays a higher tax rate than a hedge fund manager, that's capitalism?[/b] When an NFL owner gets YOU to pay for his stadium, that's capitalism? Unfortunately, 40% of the country thinks it is. [/quote] Stop lying. Earned income is taxed differently than wage income. Do you even know why? My guess is you don’t. [/quote]
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