re: You don't think we can write tax law that enforces the top brackets?
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We can certainly try, but there will always be loopholes to exploit.
You don't think our elected legislators are capable of writing effective tax law?
re: On the other hand, cutting rates on investment income, as the congress is in the process of doing at the moment, certainly does little for anyone but the very wealthy. Not that you care.
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Two can play that game. Lots of middle class citizens have 401K plans, no? I thought you were all for protecting the middle class, huh? Not that you care, LOL.
Well for one thing, 401K's are capped. If they capped the 15% cap gains tax at the first, say, $10K, and the rest was treated as income (which it is) I would have no problem.
But it seems the government, or at least this administration, values and subsidized idle investment income over income earned from actual working wages and bonuses, be it executive or labor.
What are they thinking? You must know since you support it.
John |
