Once again, the rightwingers are trying to confuse the public about capital gains tax and how the poor widdle rich guys like Mitt Romney are being unfairly “double” taxed….Ha.

A long time ago, in a galaxy far, far away, I used to have money and paid Capital Gains taxes.

Capital gains is an investment profit.  Let’s say you put $20,000 in stocks.  You make a profit of $10,000.  You’re only taxed on the profit, NOT the entire $30,000!! Here’s the IRS guidelines on Capital Gains.

Here’s a break down of who will be paying what as far as Capital Gains taxes.  Note that you don’t pay anything if you’re in the 10-15% tax brackets.  Nothing. Nada. Zilch.

It’s only when you’re comfortably wealthy that you have to start paying your fair share.

I don’t have time to read other than the first page, but if I read something later that intrigues me, I’ll be back.