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

To: bentway who wrote (287692)	5/11/2006 1:00:01 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 1571446

What about 15% ACCROSS THE BOARD? Beyond me why wages would be taxed higher than cap gains on a house. <G>

To: bentway who wrote (287692)	5/11/2006 1:19:05 PM
From: Elroy	Read Replies (1) \| Respond to of 1571446

Why not a zero tax on income from wages and a HIGHER cap gains, corporate and interhitance tax? By the way, when you suffer a capital LOSS, you get to deduct that from your GAINS! An interesting idea, but then perhaps all wealthy people will set up small companies where the company trades their personal accounts part time (in addition to whatever else they do) and they pay themselves the gains in wages. Voila! Zero personal capital gains and zero taxes because all the profits are coming as wages. Low or zero tax on low wages does sound pretty interesting. What does a single person who makes $30k per year pay in income tax, any idea? Higher corporate tax sounds like a bad idea. US corporate tax rates are already too high. It drives jobs overseas.

To: bentway who wrote (287692)	5/11/2006 6:05:56 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1571446

JCP, Why not a zero tax on income from wages and a HIGHER cap gains, corporate and interhitance tax? I'd support that idea, but the politicians wouldn't. This would probably make tax revenues a lot more volatile, which would make even the anti-tax legislators nervous. Tenchusatsu