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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: bentway who wrote (13895)9/24/2003 3:47:40 PM
From: Skeeter BugRead Replies (2) of 306849
 
>>I'm not FOR taxes. I think our government wastes most of the money it gets. But taxes are being paid, and will be paid -it's just who pays them. Most of us have our taxes removed from our pay before we even get it. I'd like to see the same system applied to capital gains.<<

spot on!

the people who want low/no cap gains and low/no dividend taxes are folks like steve forbes who inherited all his investment money from daddy.

can you imagine his tax rate?

the flat tax is a farce, too. it is sold as simplification when a static graduated scale is equally as simple.

the underlying idea is to lower taxes for the wealthy and increase them for others.

i'm straightforward in my view. the top 5% of the folks pay about 70% of the taxes. the steve forbes and hannitys of the world point this out ad nauseum.

what they don't tell you is that the same 5% owns about 70% of america's stuff!

in CONTEXT, that seems VERY FAIR to me.

how about you?

ps - i agree the govt wastes a TON. but, we should just accept their selfish use of the money. otherwise, gp will call you ignorant. -lol-
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