Sociology

My Sociology professor seems to advocate absolute socialism in every lecture I have attended...sadly. I sent her this email after our third test in which I found myself ansering incorrectly just to make the grade. Thats right, I have evidence to disprove many of the statements made in this class but the professor seems to ignore anything and all information I send to her. Here is the email:



Dr. ___,

I was searching on the net and found the following sources for the current long term capital gains tax rate of 15% for most income brackets since President Bush cut the rate in 2003. I am confused about where the 17.5 % quoted rate that you expressed in class and on the test came from? I also found out that short term capital gains, which most professional investors and successful traders are subject to, are taxed at the investor's ordinary income tax rate which can be upwards to 35%. Despite your political views, the federal government was not created to assume ownership of the lives of American citizens by taxing their income. I, a poor person, independent and living on my own supporting myself completely, have benefited by the decrease in the capital gains tax rate. I have worked since I was 14 years old and saved enough to invest.

I am hopeful that I will only be double-taxed (the corportation is taxed, then the owner of the corporation is taxed ie. the shareholder or me) for 15% rather than 30% (the previous capital gains rate) so I may be able to afford a better life for myself and my children. If this tax rate remains constant it will only further the chances that this might become true. I would hate to think that anyone would feel the need to discourage savings as it is one of the only ways a person without other means of upward mobility can work his or herself upwards. I also attached a link you may find interesting concerning the the recent increases in the cost of health care services in

The United States.15% Long term capital gains tax:

http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States

http://taxes.about.com/od/capitalgains/a/CapitalGainsTax_4.htm

http://www.irs.gov/taxtopics/tc409.html

Cost of health care services:

http://www.mises.org/story/2285Respectfully,Stephen Stokes