You are viewing an obsolete version of the DU website which is no longer
supported by the Administrators.
Visit
The New DU. Reply #5: The problem is that income taxes don't do much good at that level
[View All]
Hippo_Tron
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed May-11-11 08:05 PM
Response to Reply #4 |
| 5. The problem is that income taxes don't do much good at that level |
|
The aim isn't to tax income per se, but wealth and the very wealthy make most of their wealth in capital gains, which are taxed at a lower rate than income. Hence Warren Buffett's comment about how absurd it is that he pays a lower tax rate than his secretary.
|
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.
Printer-friendly format
Email this thread to a friend
Bookmark this thread