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To: Jim McMannis who wrote (48652)	8/23/2000 4:31:28 PM
From: Charles Tutt	Read Replies (1) \| Respond to of 74651

So the rich already got a tax break -- no need to give them another one. <g>

To: Jim McMannis who wrote (48652)	8/23/2000 4:40:04 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 74651

OT OT OT I totally agree with you. But what I fear about these tax cuts is that they are cutting federal income taxes. What they need to cut is fica, and reform fica, for people that I feel are paying in excess to receive any benefit. If they just cut federal income taxes while increasing fica as they have done in the past, then its really a reverse robin hood tax and refund system where the young pay in and wealthy seniors take out. Abolish fica and I say cut away. (someone on the tax thread posted most of the surplus was fica, I am assuming that is correct)

To: Jim McMannis who wrote (48652)	8/23/2000 4:51:34 PM
From: Exacctnt	Read Replies (2) \| Respond to of 74651

<<<The gap between the haves and haves nots particularly in real estate just got widened with Clinton and Congresses tax break on selling of a home....as real estate prices now accelerate...home ownership becomes that much harder for the younger generation... This break rarely gets mentioned but it will go down in history as one of the largest give aways to the "rich" in history.>>> How do you correlate not having to pay taxes on the sale of a primary residence with home ownership becoming harder for the younger generation? Not having to pay taxes on your hard earned accumulation of wealth via home ownership is hardly a "give away to the rich". On the contrary, the opposite can be said. Paying taxes on the sale of your home, was one of the biggest "take aways" of wealth from ANY home owner, not just the rich. Since when is it a national goal to make life easy for everyone, especially if it isn't earned?

To: Jim McMannis who wrote (48652)	8/23/2000 5:36:41 PM
From: michael97123	Respond to of 74651

"You'd be surprised to know that the majority of wealth is concentrated in the "senior" generation..." Jim, Great post! Not surprised at all. I was talking about folks in my parents situation. They have lived to ages they never imagined. They worked hard all their lives and never borrowed a penny from anyone but are now being squeezed as assets dwindle and prescription drug cost skyrocket. I see your point on real estate as well and I hope all this talk on the death tax doesnt turn into another giant give away to the "heirs of the wealthy dead"(new rock group). Get ready for the assault by the Ayn Rand/Darwin group that populates this thread. Mike