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To: palmer
That means you would also support lowering the income (millionaire's) tax to 5 or 10%?

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Exactly how much do you think is the right amount of money for the government to take from a "millionaire"?

And, what exactly is a millionaire in your view? Is it calculated by net worth or by income? Please be detailed and specific.

79 posted on 10/19/2011 6:04:32 AM PDT by moose-matson (I keep it in my head)
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To: moose-matson

A millionaire makes one million or more in income, dividends and short term capital gains. I would tax at 10% or 15% as a compromise between the original income tax (IIRC about 7%) and what it is now (maybe 20% or 30% effective tax).


81 posted on 10/19/2011 6:27:09 AM PDT by palmer (Before reading this post, please send me $2.50)
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