To: eleni121; Hildy
That sounds like a class warfare comment. That sounds like something the Liberal Dems would say. No it doesn't, what the poster said is true.
When Democrats talk about "the rich," they're not talking about their millionaire friends in Hollywood and Upper West Manhattan. They're talking abotu ordinary folks working for a living. The super rich are liberal elitist snobs who do put their money in tax shelters while the middle and working class folks get hit hardest.
To: Extremely Extreme Extremist
The super rich pay little in taxes because they have little earned income. Most of it is passive income from dividends, rentals, interest bearing accounts and equity appreciation in stock. If they have earned income, they usually have enough losses in their passive income to counter anything they might owe. Passive income is not subject to payroll withholding taxes e.g. FICA, Medicare. Assets held over a year get capital gains tax rates of 15% for net gains.
41 posted on
11/11/2006 10:50:34 AM PST by
Myrddin
To: Extremely Extreme Extremist
I'm for a flat tax...and make it low----and no more loopholes for anyone.
How's that?
63 posted on
11/11/2006 1:43:29 PM PST by
eleni121
(sometimes you have to cut off the limb to save the body)
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