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: Road Walker who wrote (287559)	5/10/2006 7:39:34 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1571709

JF, That's pretty cynical. You don't think we can write tax law that enforces the top brackets? We can certainly try, but there will always be loopholes to exploit. Kind of like campaign finance reform. On the other hand, cutting rates on investment income, as the congress is in the process of doing at the moment, certainly does little for anyone but the very wealthy. Not that you care. Two can play that game. Lots of middle class citizens have 401K plans, no? I thought you were all for protecting the middle class, huh? Not that you care, LOL. Tenchusatsu

To: Road Walker who wrote (287559)	5/11/2006 1:35:38 AM
From: Elroy	Read Replies (2) \| Respond to of 1571709

On the other hand, cutting rates on investment income, as the congress is in the process of doing at the moment, certainly does little for anyone but the very wealthy. Through personal accounts, mutual funds and corporate retirement packages something like 50% of US households own stocks, so unless you consider all 50% the "very wealthy", your statement is incorrect.

To: Road Walker who wrote (287559)	5/11/2006 10:55:35 AM
From: longnshort	Read Replies (1) \| Respond to of 1571709

cutting rates on investment income, as the congress is in the process of doing at the moment, certainly does little for anyone but the very wealthy. Wrong, as Ross perot said "I've got 4 BILLION earning 3% tax free bonds, why should I invest that money in some business(which will create jobs and more tax payers) and if that business suceeds I have to pay 50% capital gains and if it fails I get zero. The risk reward sukks, so us rich people will just sit on our cash getting a safe tax free return"