Not exactly, King.

What the political class — lead especially by the libs & Dims — is trying to do, however, is to extend its control over society, and taxes just happen the most powerful means towards their socialistic ends.

This is particularly obvious with the global warming hoax and its associated carbon tax.

If I didn't know better, I'd think the government was TRYING to bankrupt us all, because that sure seems like what they're trying to do with these endless taxes and endless spending.

This man is an economic illiterate and an embarassement.

BO has put the Dim superdelegates in a fix. They know he's an airhead but because the Negores have gone cuckoo over him [it's a tribal thing], they dare not 'dis' him.

I love it.

There is nothing about our system of taxation that is "fair". If fairness is what we are striving for, there should be one tax rate for everyone (about 10% is fair to my way of thinking). When everybody is taxed at the same tax rate, those who earn a lot more will still pay a lot more. 10% of $500,000 is a lot more than 10% of $50,000.

Rev, I think you are making a mistake by looking at capital gains tax rates the same as you do income tax rates. Capital gains come about from investment, which means the investor risks losing those funds as well as gaining. Putting a high tax rate on the gains will depress investment, resulting in a more depressed economy. Also, most of the funds people invest with have already been through the grind mill of government taxation. What is invested is what's left over. By instituting an oppressive capital gains tax rate, you are hurting the little guy the most. You are harming his stocks, his retirement accounts, and his equity. I thought Dems were supposed to be about helping the little guy. That's the mythology, anyway.

In any case, Obama didn't have a clue what he was talking about regarding the capital gains tax in the debate, and I'm pretty sure that IS a real issue. An important one.

Taxing people according to the amount of money they have, rather than according to their fair share of government services, won't ever be changed but it's backwards and one of the basic reasons our government is completely out of whack.

What is not fair is the way our income taxes tend to be progressive at the lower end of income versus the cap at the higher end which effectively ends their progression.

If that secretary is fortunate enough to be making roughly 358,000. per year (yeah…right) and her CEO Boss is making 5 million per year—they are in the same 35% tax bracket because the cap on income tax is 35%. So one CEO could make 5 billion per year or more, and still be taxed at 35%

Anyone who makes more than $357,701.00 is taxed at 35% NO MATTER how much said person is making.

This is why CEO's are offered stock options in lieu of and as an addition to their income—that way the CEO can exercise his/her options and be taxed at ONLY the 15% (which is the current flat tax rate on capital gains for all) versus his/her having to pay an across the board 35% ( a full 20% more than the 15% rate).

To my way of thinking, a more progressive tax at the higher end of income and a less progressive tax at the lower end would be more fair.

How much money does one person need to be happy on earth?

That dividend that that billionaire CEO makes with a less progressive tax rate can buy him and his entire family including all his cousins an extra BMW—from Germany…with extra left over, depending on the size of his extended family, which does not help American workers at all, except his family gets to drive BMW's.

Following is our current tax bracket in the Married Filing Jointly as of 2008.

Marginal Tax Rate Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household

10% $0 – $8,025 $0 – $16,050 $0 – $8,025 $0 – $11,450

15% $8,026 – $32,550 $16,051 – $65,100 $8,026 – $32,550 $11,451 – $43,650

25% $32,551 – $78,850 $65,101 – $131,450 $32,551 – $65,725 $43,651 – $112,650

28% $78,851 – $164,550 $131,451 – $200,300 $65,726 – $100,150 $112,651 – $182,400

33% $164,551 – $357,700 $200,301 – $357,700 $100,151 – $178,850 $182,401 – $357,700

35% $357,701+

My advice to you…take a real, hard look at your choice for President—leave the ego crap out of the equation.

O'Bama is full of malarkey. All talk, no walk. At least Nader walks his walk while he talks his talk.