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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (71625)	1/8/2000 3:23:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 108807

It is clearly wrong from a FAIRNESS perspective, which is my point, Neo. Either you levy SS and Medicare taxes on capital gains and stock options BOTH, or you do neither. For the last 20 years passive investments in this country have experienced tax cuts galore. But salary income have had tax increases - heavy tax increases. The problem is that salaries are almost exclusively paid by the young. Passive income is more broad based but is skewed towards the older folks. The way the aarp and others defend this taxation bias is by saying that social security and medicare "are not a tax", with an implication that Fica is some sort of 401K program which is paid into and drawn fairly by all that participate - untrue, for my generation fica is a regressive tax and nothing more.