The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Wyätt Gwyön who wrote (12862)	8/21/2003 6:23:32 PM
From: MulhollandDrive	Read Replies (2) of 306849

>>the idle rich do not have to pay one penny of these taxes on their unearned income, and the working rich only pay it on a small portion. << idle rich, huh? the rich pay by far the largest (disproporationately so) tax burden in t)he US and it's just like grace told you wrt SS limitations...the legislators know full well that the wealthy entrepreneur (those idle rich people you like to refer to generating all the jobs) would simply take ratchet down their income, take de minimus salary and the rest in dividends....in other words there is a SS taxation "threshold" that most people with means find acceptable. a quick cost benefit analysis based on dollars extracted during their working years (yes, darfot, rich people really do work) to the amount that they will extract during retirement is really all you need to know to understand why there is a salary cap on SS taxation.

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