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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (12728)	8/20/2003 6:36:34 PM
From: fatty	Read Replies (1) \| Respond to of 306849

You make more money, you pay more taxes. That seems to be a universally accepted way of life, although people may disagree how much more should they pay. Now that you mention your example house was in cape cod, then I can tell you that the highest property tax rate in massachusetts is only $22.36, not the $28 as you said. If that old couple can't afford to live in Cape Cod, why not sell it and move elsewhere? There are plenty of retirement housings in the bay state. Are you telling me that they will be happier if their house is worth $100k so that they can afford to stay? Do you know how many young couples in the bay state making $120k a year and still living in a 800 sq ft condo in Quincy? Speaking of 'out of control government spending', I definitely think the medicare system should be trashed and the social social should be severely reduced! Better yet, the right to vote should end when you retire!

To: GraceZ who wrote (12728)	8/20/2003 10:01:45 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

top half of all income earners contributes 96% of all Federal income tax receipts (state income tax is similar in break down because it is usually derived from the Federal return). utter bullchit. you're forgetting payroll taxes and FICA. that's about 15% tax paid by all the people in the bottom half on every dollar they make. however, people making a million a year or more are conveniently exempted from this tax on more than 90% of their income. these are the sort of facts you don't get from listening to Rush Limbaugh and CNBC. the 15% mandatory tax on every dollar of poor people's income so happens to be equal to the same 15% rate billionaires are now taxed on hundreds of millions in dividends.