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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Proud_Infidel who wrote (23205)12/26/2002 3:24:51 PM
From: John Carragher  Respond to of 24042
 
the people you mention probably didn't pay any taxes.. I bet they have tax losses to cover income..



To: Proud_Infidel who wrote (23205)12/26/2002 3:50:05 PM
From: Michael Hart  Respond to of 24042
 
Criminals need not be compared to hardworking business men and women who are taxed far beyond the average American. Why isn't it enough that when I make more money I pay more taxes......Why do you have to triple my tax rate because I am successfull?

No need to answer....I already know...I'm an evildoer

Be well,

MIke



To: Proud_Infidel who wrote (23205)12/30/2002 2:03:01 PM
From: Cosmo Daisey  Read Replies (1) | Respond to of 24042
 
Give me the money, i'll pay the taxes.
SNIP--the top-earning one percent of U.S. taxpayers (annual income over $293,415) made 19.5 percent of the income earned in 1999 and paid 36.2 percent of the total federal individual income taxes collected--SNIP
It's true that the top earners pay the most taxes but the fact is the more you make the more you have. Is the tax code unfair to those at the top? Perhaps but someone has to pay. The lower wage earners also pay the silent taxes that we all pay like liquor tax, tobacco, sales tax, excise tax, property tax either through rent or directly. License fees take a bite also.
Congress enacted punitive tax rates for the top wage earners and the stock option plan was born. An executive making ten million a year contributed most of it to taxes. Take the same person and pay them 0ne million a year and give them nine million in options taxed as long term gains and you create the system that encouraged the people we are reading about to act as they did. Suddenly the price of the stock became the most important business of some companies. Every time we trust congress to write tax law intended to punish someone, the top wage earners, it backfires.
Those at the top receive the least for their tax dollars. Welfare, unemployment comp, police services (never see them in my neighborhood), and a host of other public programs that those at the top will never see. Forget about taxes and concentrate on making money.
I for one am happy to be in the top bracket and make every effort to stay there.

cdaisey@clubmed.com