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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (255849)	2/2/2008 1:52:58 PM
From: Elroy	Read Replies (1) \| Respond to of 281500

The Picasso paintings don't produce income until they are sold, when you pay capital gains on them. I know, I was responding to Obama's idea about increasing the tax burden on the rich. He may mean high income earners and not chosen his words carefully, but the rich don't necessarily have incomes that reflect their wealth. However the idea of increasing the burden on those that can afford it should include the owner of $100 million in Picasso payments - that guy can afford it.