[lacrew]

35% is for people making $379k and up....taxable income.

Keeping Romney’s name out of this argument, I refuse to fall for this class baiting.

I’m in the 25% bracket, if you look at my raw income...but I don’t pay 25%. Last year, I paid 6.6% - a very common outcome after standard deductions, etc lower the taxable income.

This whole class baiting argument pits the stated and collected cap gain rate (15%) against the stated (but certainly not collected) income tax rates. Its not a valid comparison.

And why are we comparing income tax to gains tax anyway? Presumably, somebody somewhere earned money as income, in the first place, before investing it and realizing gains.

I know spicing up the argument with Romney’s name clouds the issue...but this ‘argument’ is at the heart of the OWS crowd. The sheeple really believe they pay more in taxes than the ultra wealthy...and it really is just not true.

[Tublecane]

“And why are we comparing income tax to gains tax anyway?”

Because without doing so Buffet couldn’t proffer his false argument.

[af_vet_rr]

I know spicing up the argument with Romney’s name clouds the issue

How would you feel if Obama was as dodgy about his tax returns as Willard is being?