PRESIDENT GEORGE W. BUSH Message Board

STOCKTALK

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.

Politics : PRESIDENT GEORGE W. BUSH

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Neocon who wrote (424327)	7/8/2003 5:27:15 PM
From: American Spirit	Read Replies (1) of 769670

If the rich do not pay estate taxes, they just keep getting richer even if they don't work. Unless they make some bad investments. This creates a strong old money class and weakened the underclass. The system works best when the rich pay a major share of the taxes, and even at Clinton levels we still had the lowest taxes in the western world. Plus the rich get plenty of write-offs and never pay near what the official rate is. Higher taxes actually force them to spend, invest and hire people, in order to to write it off. At 50% tax rate the government is picking up half the tab for you to start a new business, for example. assuming the business loses money. They also pay half your gifts to charities, etc. And let's be honest, everyone knows 95% of the time you can get away with writing off that "business trip" to Tahiti. And those "business dinners". And that "business limo and jet". With 30% taxes the rich have no incentive to hire anyone or invest in anything. They can just pay their 20% (30% minus normal write-offs) and sock the money away for themselves and their heirs.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next