[jaydubya2]

"Thousands of families make more than $1 million, pay nothing in federal income taxes each year."

How can that possibly be true? Even if your only earning capital gains, you still pay around 14-15%

[jaydubya2]

your=you’re

[jaydubya2]

your=you’re

[timlilje]

Cuz you pay capital gains taxes on investments. Not income taxes. Everything goes on the income tax form it is just not called income taxes. It is a schedule: “Capital gains/Losses” not reported as income