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Politics : View from the Center and Left

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To: Paul Smith who wrote (149451)	11/11/2010 12:58:26 AM
From: wonk	Read Replies (1) of 541761

Did you read my post and understand the difference between “Income taxes” and “Total tax receipts”? The rich – no let’s say in your words – the “ultra rich” have been saying “one for you and two for me” for 30 years, and at the same time playing an income tax version of the Carnival Con - “hide the pea”. Wipe the slate clean – eliminate all current Soc Security, SS Match, income , corporate , excise and other taxes and go to a PURE FLAT TAX system, - no deductions, no difference between capital gains and wage income, no difference between carried interest and wage income – nothing. So - if the top 10% of the population earns 50% of the income then … the top 10% would pay 50% of ALL Federal taxes. But they don’t. They pay less. This is 4th grade math. That's why we don't have a Flat tax system - because the Rich know its not in their interest. They'd get clobbered. Paul, the “Ultra Rich” are laughing at you, and me, and all of us proles - when the pay attention to us at all.

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