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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (175406)9/26/2003 5:03:23 PM
From: Tenchusatsu  Read Replies (1) of 1578108
 
Al, What makes "rich" politicians who are proposing a roll back of the tax cut for the higher income brackets exempt from the same tax treatment they are proposing?

Tax shelters, accountants, other tricks they can afford to play. How do you think Arianna Huffington, a multi-millionnaire, got away with paying only $700 in income taxes last year?

Once again, it all depends on what your definition of "rich" is. Income tax is a tax on the accumulation of wealth, not the wealth itself.

Tenchusatsu
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