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comment by wasoxygen
wasoxygen  ·  4008 days ago  ·  link  ·    ·  parent  ·  post: Rich People Actually Don't Create The Jobs - Business Insider

    I think it is likely referring to the long term capital gains rate
Maybe, but why not say so? If you are making an argument, why not be clear?

    15% currently. That is, what, half of what it was years ago?
Looks like it has been dropping -- the dashed blue line in this chart:

But this guy's point is that the rich are getting off easy. Don't plenty of people in the bottom 90% pay capital gains taxes?

The Tampa Bay Times makes it look like the answer might be no.

    Among tax filers making $200,000 or less, about 14.3-million of 130.8-million filers reported income subject to capital gains taxes. That's about 11 percent.

    Among tax filers making more than $200,000, about 1.8-million of 3.6-million filers reported income subject to capital gains taxes. That's about 51 percent.

But 14.3 million is also many more people than 1.8 million. I guess it depends on what point one wants to make.