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To: AC Flyer who wrote (50982)6/16/2004 3:48:43 AM
From: Seeker of Truth  Read Replies (2) | Respond to of 74559
 
In your description of the pathetically overtaxed rich people you forgot something. The 50% on the bottom have no assets which are growing in value. In contrast, the rich may have capital appreciation which vastly exceeds their income. Of course, as long as they don't sell, they pay no tax on that. The exploited rich can see any part of the world they choose, get way down front opera tickets, play on golf courses with gorgeous scenery etc. The greedy poor who only pay 4% tax on their income stay at home with the TV, doused in patriotism and/or religion. Life is so unfair. The miserable person who makes ten million unhappily gets to keep only 7.25 million of it, whereas the grasping poor can keep $13,500 out of their $14,000 income.
You also didn't remember a raft of tax relief measures, crassly referred to by pinko reformers as tax "dodges".
I continue to think that the best countries in which to invest are those where real incomes are moving in the direction of lessened inequality.



To: AC Flyer who wrote (50982)6/16/2004 9:29:31 AM
From: RealMuLan  Read Replies (1) | Respond to of 74559
 
what is your "tax rate" includes? ss tax, medicare, federal and state? and don't forget the ss tax only taxed to $75,000 and below. As a public servant, my income is not high (somewhere in the middle, maybe bottom 51%<g>). But my average tax rate, include all of the above, is above 20% (I don't have the number now, so don't remember exactly).



To: AC Flyer who wrote (50982)6/16/2004 5:46:12 PM
From: Cogito Ergo Sum  Respond to of 74559
 
AC in fairness you must include the weightings for all groups... I suspect as it is up here the rich are doing just fine... but the middle class are really at risk...