Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: Brumar89 who wrote (35359)	7/14/2004 12:58:54 AM
From: RCMac	Read Replies (1) of 81568

WSJ editorial "Liberal Loopholes", typically full of distortions and misstatements: finance.messages.yahoo.com One example (although the passages you choose to emphasize are full of them): WSJ says "More likely, the majority of her investment income is sheltered within trusts so that tax is deferred until she or her family actually wants to spend it." There is actually no such loophole, since income retained within trusts is actually taxed at higher rates than the rates applicable to individuals so there's no incentive to keep the income "within trusts" as the WSJ sneers -- see linked Yahoo post. The WSJ is just making it up, and you're happy to uncritically repeat it here.

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