[Hoodat]

A tax on income is not a tax on wealth. Democrats should stop lying about taxing the wealthy since they have no intention of doing so. Do you think John Kerry, Ted Kennedy, Barbara Boxer, Diane Feinstein, Maria Cantwell, et al would vote for a tax on wealth? Not a chance.

[pleikumud]

The answer is the Fair Tax (see www.fairtax.org). There are bills pending in both the House and Senate to end the federal income tax in all its forms, replacing it with a national retail sales tax on new goods and services (not used goods). This would close down the IRS and toss some 60,000 pages of tax code, instructions and forms into the dust bin of history. The Fair Tax would result in unprecedented economic growth in the U.S., attracting capital and brains from all over the world. It would give us a huge competitive advantage over other countries.

But of course it would be the end of Congress’s ability to play with our lives via the tax code, so the Socialist Obama and the Socialist Congress are opposed to it. I recommend everyone go to the web site, www.fairtax.org and learn about it. Then consider supporting this initiative by donating and/or bombarding your Congressmorons with mail telling them we need the Fair Tax.

We DON’T need national sales taxes on top of the federal income tax, but it is very likely that Obama’s Socialist Party will push for various national sales taxes and surcharges to pay for it’s reckless excesses. One example is their proposed $1,000 fine for anyone who does not buy medical insurance. This “fine” of course would be tacked onto your federal income tax bill, following the idiotic example set in Massachusetts.

[SES1066]

Do you think John Kerry, Ted Kennedy, Barbara Boxer, Diane Feinstein, Maria Cantwell, et al would vote for a tax on wealth?

Depends on the wording - after all they are also fine with the 'Death/Estate Tax'. What they would be against is any tax that would tax the 'generational trusts' that avoid the estate taxes because the beneficiaries live on the proceeds from the principal which remains un-taxed.

Since many, if not most, of these people never actually held a job before government, they probably don't care about 401k or IRA plans - they got Congressional Pensions and golden trust funds. [Except for Monsieur Kerry - he is living off the wife's prior marriage trust fund from Heinz].

[model B]

A tax on income is not a tax on wealth....

_______________________________________________

a very astute and well written post!

[April Lexington]

Other than property taxes, you are correct.... for now... dividends and interest escape as well, so its high paycheck people who are going to get boned here. Not the poor and not the propertied. Just folks who are working their butts off to accumulate wealth. There won;t be anywhere near the number of wealthy people in the USA as upstarts will be taxed to hell while the poor feast and the rich move off shore...