SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : JDS Uniphase (JDSU)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Proud_Infidel who wrote (23205)12/30/2002 2:03:01 PM
From: Cosmo Daisey  Read Replies (1) of 24042
 
Give me the money, i'll pay the taxes.
SNIP--the top-earning one percent of U.S. taxpayers (annual income over $293,415) made 19.5 percent of the income earned in 1999 and paid 36.2 percent of the total federal individual income taxes collected--SNIP
It's true that the top earners pay the most taxes but the fact is the more you make the more you have. Is the tax code unfair to those at the top? Perhaps but someone has to pay. The lower wage earners also pay the silent taxes that we all pay like liquor tax, tobacco, sales tax, excise tax, property tax either through rent or directly. License fees take a bite also.
Congress enacted punitive tax rates for the top wage earners and the stock option plan was born. An executive making ten million a year contributed most of it to taxes. Take the same person and pay them 0ne million a year and give them nine million in options taxed as long term gains and you create the system that encouraged the people we are reading about to act as they did. Suddenly the price of the stock became the most important business of some companies. Every time we trust congress to write tax law intended to punish someone, the top wage earners, it backfires.
Those at the top receive the least for their tax dollars. Welfare, unemployment comp, police services (never see them in my neighborhood), and a host of other public programs that those at the top will never see. Forget about taxes and concentrate on making money.
I for one am happy to be in the top bracket and make every effort to stay there.

cdaisey@clubmed.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News