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.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tonto who wrote (514081)12/21/2003 6:13:23 PM
From: American Spirit  Read Replies (2) of 769670
 
The idle rich now pay less tax percentage wise than an average worker. The quadruple goodie bag from the Bush tax cuts for the rich were dividend tax cuts, capital gains, estate tax cuts and income tax cuts. Add to that all the wonderful write-offs the rich can enjoy that their less wealthy neighbors cannot, like incorporating, trusts, etc.

Those rich enough to not to need to work can now only pay the low dividend and capital gains rate. So already being rich has been rewarded, something the middleclass doesn't get. The estate tax cuts are huge for the already rich and old money class. They'll get richer now. Percentage-wise the overall tax burden has been shifted from the rich to the middleclass by about 3%.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News