Kurt Ullman wrote in
m:

In article ,
Doug Miller wrote:



Let me try this one more time as I am obviously having problems
explaining it. My figures are taxes paid as a %age of AGI. AGI is all
income minus a few things every body takes off like deductions. What I
am quoting is looking at the bottom line and dividing that by AGI. It is
all of the various brackets and things like cap gains melted together,
the final taxes due computed and THEN divided by the AGI.

You've never completed a Schedule D, have you?
Yeah.

Doesn't seem like it.


Did you even read the article I cited?

Yeah

Doesn't seem like it.

Long-term capital gains are taxed at a lower rate than earned income. Period.

Never said otherwise. I am saying that when you look at all of the
different rates that are applied to all of the various income streams
(and remember even regular income has different %age applied as you get
higher), find the amount of taxes actually paid and divide that by AGI,
you find that as you go higher on the food chain..as an average.. the
rate goes up.

On average, perhaps. But why do you continue to refuse to acknowledge that those whose
income is derived mostly, or entirely, from investments pay a lower rate than those whose
income is derived mostly, or entirely, from salary or wages?