Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (181466)	1/26/2004 9:43:51 PM
From: mph	Read Replies (1) \| Respond to of 1575273

thank you for responding and providing your definition of "rich," which you start at $500,000/year in income. Such taxpayers would be in the highest bracket. In fact, that bracket starts quite a bit lower. Here's the tables for 2002 and 2003, for purposes of comparison, just as a matter of general interest: irs.gov irs.gov (The 2002 table is part of the ES1040 package) I had asked for your definition of "rich" since you seemed to be lumping everyone you considered to be "rich" into the same category as the "super-rich." I saw John Kerry interviewed by Mike Wallace on one of the Sunday shows and he used your language exactly. He plans to repeal the tax breaks for the "rich," but never defined his terms. That's the kind of loose language I object to. One of the other Dem contenders thought anyone making over $200,000 was among the "rich." I can't recall who that was--may have been Clark. At least he defined his terms so that people can intelligently evaluate his position. As I say, there will be some two-income households who will be very surprised to find out they're "rich." I found this statement of yours most interesting: I am self employed. I pay corporate* taxes.* It explains a lot about your POV. Self-employed persons, even using an S corporation structure, still pay personal income taxes. The fact that you don't is surprising in one sense, and not surprising in another. I hope you hadn't been using Arthur Andersen as your accountants.<g> The statute of limitations is 4 years from the date of filing, I believe. Good luck to you.