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      11-15-2012, 04:00 PM   #25
rohms3
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Quote:
Originally Posted by kmarei View Post
excluding inhertance yes
any money that you generate
so if you have a million in the bank, with no interest, then you pay 0
but if you invest that million and you generate say 100,000 on it
you would pay tax on the 100,000 you made
and you would be taxed at the same rate as anyone else who makes 100,000
whether they make it from stocks, or a salary, or any other legal means
So when the Bush era tax cuts expire, capital gains of $400,000 and up should be taxed at 40%?????? Do you have any idea how crippling that is??