I don't know. (Reply #3) - Democratic Underground

In the discussion thread: Why are your earned wage taxed more than those, like Romney, who invest for a living. [View all]

Response to WCGreen (Original post)

Wed Dec 19, 2012, 06:33 PM

renie408 (9,854 posts)

3. I don't know.

I have had it explained to me a million times and I still don't understand it. I have had it explained to me that the government wants to encourage investment in businesses through stocks, so taxes those gains at a lower rate. I have had it explained to me that dividends and interest are considered unearned income, and the IRS taxes unearned income either not at all or differently.

I don't understand it at all.

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Replies to this discussion thread

6 replies	Author	Time	Post
Why are your earned wage taxed more than those, like Romney, who invest for a living. [View all]	WCGreen	Dec 2012	OP
Because actual physical work is lowly. If you do it, it's a sign that Gawd does not favor you.	kestrel91316	Dec 2012	#1
Because they own the politicians who make the rules	Fumesucker	Dec 2012	#2
I don't know.	renie408	Dec 2012	#3
That's one of those "emperor has no clothes" observations.	Jim Warren	Dec 2012	#4
true	dicksonm	Dec 2012	#5
It just makes me sick, the way things are set up.	CaliforniaPeggy	Dec 2012	#6

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