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The top 0.1 percent earns half of American capital gains

Thursday, November 24, 2011

 The top 0.1 percent earns half of American capital gains

Maybe “one-tenth of a percent” doesn’t have the same ring to it or else protesters have only now uncovered the truth? Regardless, a newly published analysis reveals that those at the top of the 1 percent have used dirty tricks to get them there.

In an article posted over the weekend to the website of Forbes, its revealed that the richest-of-the-rich in America — the 315,000 or 0.1 percent of the country — has managed to make a pretty penny off of a shriveling capital gains tax which they have used to line their wallets while forgoing any scrutiny from Uncle Sam.

That small sample of the 315 million or so Americans can thank profits made through capital gains for being placed into that exclusive bracket... MORE

SourceRT.com

URL: http://rt.com/usa/news/percent-half-capital-gains-887/

2 comments:

Jesusa Bernardo said...

sa madaling salita, ang setup ngayon sa US pabor sa elite rich.

"Currently the nation’s tax on capital gains is only at 15 percent, fraction of what it was decades earlier. In 1978, millionaires had to fork over 35 percent of the income they made through capital gains while the country was also in dire economic standing. With a recession on hand 30-plus years later, however, the wealthiest of Americans have to hand over less than half of that to the government. What they do have to claim is often only a fraction of what they should, as a report today in Bloomberg adds to the analysis by revealing that stock transactions that aren’t actually classified as “sells” keep billionaires from keeping otherwise-taxable income away from the IRS."

Anonymous said...

Always has, always will...

Monkey do what monkey see. Look at Manila. The Zoo as well if you want.

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