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Non-Tech : Who Really Pays Taxes? -- Ignore unavailable to you. Want to Upgrade?

To: kvkkc1 who wrote (254)	8/15/2000 4:23:06 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 666

The funny thing about this tax debate is that it used to be a rich vs. poor thing, but I see it developing into a young vs. old thing. I myself am 36 yrs old so I am right in the middle. The fica issue is one thing that separates the young and old on an age, not wealth boundary. Another is taxation of stock and options. Options are now "income" which means you have to pay income tax. Capital gains are not. Why would anybody tax capital gains at a lower rate than stock options? That makes no sense, if anything we should be rewarding the people that build these companies and not the people sitting around on their butts watching cnbc and using e-trade. But this "capital gains" favoritism is a legacy of the conservative tax-cutters. More money is in the hands of the young than ever before and the conservatives are doing nothing for this group. If conservatives fought as hard for tax cuts on stock options as capital gains I would be more convinced their platform is for tax cuts across the board instead of "I want to screw everybody for my own benefit"

To: kvkkc1 who wrote (254)	8/15/2000 5:45:45 PM
From: Steve K	Respond to of 666

<< No party can cut FICA and get elected in the near term. If GWB wins and Congress enacts his partial privatization, then some of the Democratic fear mongering may start to be seen for what it is. Imagine if Gore has his way and does nothing. >> I believe Gore has proposed paying people to save money (i.e., the government will give you x dollars for every y dollars you put into some savings vehicle). That IMO, is worse than doing nothing. Bringing on a new entitlement is the last thing we need. Steve