CAPITAL GAINS TAX RATES benefiting wealthy feed growing gap between rich and poor: “Over the past 20 years, more than 80 percent of the capital gains income realized in the United States has gone to 5 percent of the people; about half of all the capital gains have gone to the wealthiest 0.1 percent.”


This chart is misleading: capital gains tax applies to all capital gains income; the ordinary income line is for the highest marginal rate, which in 2011 applies only to taxable income (total income less deductions) greater that $379,150. A typical married couple would not pay more that 15% until their taxable income exceeds $77,500. Isn't algebra wonderful?

Another wee, minor error is this: "The way you get rich in this world is not by working hard... It’s by owning large amounts of assets and having those things appreciate in value." Um, and how does one come to 'own large amounts of assets' other than by working hard (John Kerry exempted, of course)?