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To: econjack

While I agree with you about a wealth tax, what better way to get the elites to oppose taxes.

My mom was a CPA, and she always made the point that the wealthy are mostly low tax payers. Their income comes from investments, which are taxed differently, and you can manipulate sales to minimize tax liability.

High cash flow earners pay taxes, not the wealthy.

Also - she and my step dad (attorney) were vehemently opposed to wealth taxes because they are unconstitutional.
https://en.m.wikipedia.org/wiki/Wealth_tax#United_States

So, yet again, this is a BS pipe dream to pander for votes


16 posted on 06/25/2019 7:45:24 PM PDT by laxcoach (Government is greedy. Taxpayers who want their own money are not greedy.)
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To: laxcoach

“wealthy are mostly low tax payers”

Probably what she meant is that their tax rate was lower. The wealthy still pay lots in taxes.


20 posted on 06/25/2019 8:18:17 PM PDT by plain talk
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