To: moneyrunner
The problem is, and Obama knows this, is that uber-riche like Soros don't get a paycheck for $500 million per year. They get their money as capital gains.
Raise the Capital Gains Tax on any gains over $10 million per year, and you'll hit Soros while leaving small businesses untouched.
Slap a 75% tax on entertainment-derrived income over $10 million per year, and you'll get the rock stars and A list movie stars as well.
25 posted on
11/17/2012 5:38:58 PM PST by
Yo-Yo
(Is the /sarc tag really necessary?)
To: Yo-Yo
Capital gains after a certain limit could be taxed as ordinary income. Not a problem.
35 posted on
11/17/2012 6:01:22 PM PST by
moneyrunner
(I have not flattered its rank breath, nor bowed to its idolatries a patient knee.)
To: Yo-Yo
The problem is, and Obama knows this, is that uber-riche like Soros don't get a paycheck for $500 million per year. They get their money as capital gains. Raise the Capital Gains Tax on any gains over $10 million per year, and you'll hit Soros while leaving small businesses untouched. Slap a 75% tax on entertainment-derrived income over $10 million per year, and you'll get the rock stars and A list movie stars as well. I think you are putting the number too high. Remember, this is for the good of the country. I would put the limit at $1 million. It's going to be a sacrifice, but I'm willing to do it FOR THE CHILDREN.
51 posted on
11/18/2012 4:32:30 AM PST by
moneyrunner
(I have not flattered its rank breath, nor bowed to its idolatries a patient knee.)
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