First there was "Harry & Louise"..Now we have "Harriet & Lou"

[SoCalDem]

You know them.. They are the elders whining about taxes going up on their dividends..and they NEED those dividends to live on..

Just curious here.. How many of you GET dividends?

We do, and let me tell you.. I will not cry over taxes going up on the whopping $18.36 a year we get from Metropolitan...OR the $9.09 we get from State Farm..

[hedgehog]

1. My BIL has been whining about the low return on his bank CDs

[BlueMan Votes]

2. plenty of retirees(and future retirees will) live on dividends/interest/proceeds from investments.

that's why i think that the lower capital gains tax should remain in place for the first $250,000- and anything above that should be taxed as regular income.

[SharonAnn]

3. Oh, for Pete's sake. To have $250,000 in dividends indicates extremem wealth.

All income should be taxed as income.

Period!

Why have preferred tax rates for people who live off the labor of others? And higher tax rates for those who actually do the work?

Income is income. Period!

[montanacowboy]

6. Absolutely

INCOME IS FUCKING INCOME

[BlueMan Votes]

9. so you must be in favor of a flat tax.

i'm not.

i feel that a graduated system like we currently have works best.

getting the percentages and cut-off amounts right is the tricky part.

[BlueMan Votes]

8. people with "extreme" wealth make a lot more than $250K in dividends/interest/proceeds from sales...

and it's not really fair to pull the rug out from under people at or near retirement especially.

besides- the amount of wealth they might have is irrelevant- we don't tax wealth in this country- we tax income.
and $250K in income is the threshold that seems to be tossed around the most, when talking about taxes on high incomes.

[trackfan]

4. I get about $7.00 a year in dividend income.

A real high roller indeed.

[SoCalDem]

10. We once received a certified letter with a check from a lawsuit settlement

Our share of the class action suit?

$0.98 whoopee... our retirement is secure

it cost more to sent the certified letter than the settlement

[ChazII]

5. My 84 year old father

gets $200 every quarter from one of his investments.

[Matariki]

7. I've been saving all my life so that I have dividend income when I retire.

So yeah, I have dividends. I'm far from rich.

Certainly there are lots of Seniors who have gone that route and rely on income from their investments.