"Are there a few middle-class people who pay the tax? Sure. But on the whole, capital gains taxes are disproportionately paid by higher-income brackets. We find the RNC's claim to be Barely True." Full Story »
Posted by Bill Adair
The article points out that a Republican ad attacking Obama for advocating elimination of the capital gains tax break is based upon faulty assumptions and poor reporting. It relies on somewhat dated (2005) figures and makes some rather sweeping generalizations, but overall the story is fair and informative.
