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To: Kaslin
Republicans can't easily win the argument about why high earners who derive much of their income from tax-exempt bond holdings and capital gains, shouldn't pay the same rate as regular income. The difference is too slight to matter as democrats continue to stoke class envy. Republicans should counter with a proposal to tax accumulated wealth of over $1 billion and to disallow the transfer of estates of such size into tax-exempt trusts.

Such a plan would strike at the heart of mostly lib democrats like Buffet and Gates who use the dodge to avoid estate and capital gains taxes as they lobby for higher income taxes that they will never pay. Obie and the lib Senate would be forced to come to the protection of their financiers.

13 posted on 09/19/2011 5:49:19 AM PDT by Sgt_Schultze (A half-truth is a complete lie)
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To: Sgt_Schultze

“Republicans should counter with a proposal to tax accumulated wealth of over $1 billion...”

That would really hurt the economy. The money is not in someone’s back pocket, it is in companies that employ people. Bill Gate’s money is tied up in Microsoft, where real people work. Even Buffet has money invested in companies where real people work. Any taxes — any at all — take money from average people.

If you take away someone’s ability to be a billionaire, they will stop making money at 900 million and ride the rest of their lives. No more Apples, Microsofts... you name it.

To be a conservative means supporting lowering taxes no matter who would be paying.


17 posted on 09/19/2011 6:43:52 AM PDT by PastorBooks
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