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: Alighieri who wrote (390155)	6/10/2008 1:18:07 PM
From: Tenchusatsu	Read Replies (3) \| Respond to of 1576889

Al, > As opposed to what? Paying cash for your house? In which income brackets do you suppose these people belong? Those who can't are sheltering what? A 30K?>year income on which they have to support a family. That's joke, right? How many people will tell you to buy a home and take advantage of the home mortgage interest deduction? How many of them will tell you to refinance your existing mortgage, unlock the equity in your home, and have that money available to you with deductible interest? If you think this has no impact on housing prices and the ability of 1st time home buyers to afford one, then what else can I say? > The point of the post is that taxes are not "heavily" skewed. Then explain why the poor continue to get screwed even with a highly progressive tax system. How come guys like Warren Buffet only end up paying somewhere in the high teens even though the top rate is 35%? Think increasing that rate back to 39% is going to make Buffet pay his "fair share"? Fat chance. Tenchusatsu