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 : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (320406)1/13/2007 7:21:46 AM
From: Road Walker  Read Replies (1) of 1576765
 
re: The effective rate paid is much lower for a number of reasons. First their is an exemption (currently the first $2mil doesn't face the tax), and then of course you have the trusts and loopholes.

It would be difficult, socially and politically, to eliminate the charitable trusts (thinking Gates and Buffet here). But limiting the trusts that benefit heirs could probably be accomplished.

And I think the argument stands that if you have to tax, then taxing unearned money going to heirs from their inheritance is more socially productive than taxing working earners the same gross amount.

Lot's of really rich people are going to die in the next 30 years... they earned it, thanks to our open, capitalist society, but they can't take it with them. Why not recycle it in the form of an income tax cut for those that are still productive?
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