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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (8022)	3/1/2009 6:31:34 PM
From: longnshort	1 Recommendation Read Replies (1) \| Respond to of 103300

he thinks it's magic, or as he would say, Supercalifragilisticexpialidocious

To: GROUND ZERO™ who wrote (8022)	3/1/2009 7:31:48 PM
From: Kenneth E. Phillipps	1 Recommendation Read Replies (4) \| Respond to of 103300

Lets be specific - The top 5% pay 57% of the income taxes. This would not include payroll taxes. Of course, some lower income, self employed persons pay huge Social Security taxes (up to 15%) and this money is also used by the Government to fund other programs. wiki.answers.com

To: GROUND ZERO™ who wrote (8022)	3/1/2009 8:49:59 PM
From: average joe	Read Replies (2) \| Respond to of 103300

"if you continue to tax them, they'll just move their money off shore" UBS: American Investors' Identities To Be Revealed The curtain is being peeled back on the infamous secrecy of Swiss banks. The largest bank in Switzerland, UBS, agreed Wednesday to reveal the names of wealthy Americans whom the authorities suspect of using offshore accounts to evade taxes. The change in policy is the result of UBS' admitted role in conspiring to defraud the Internal Revenue Service. As part of the agreement, the bank will pay $780 million in damages, and also close all offshore accounts of its American clients. It is not clear how many names will be divulged, but the Feds have been looking into roughly 19,000 accounts, according to the New York Times. The deal could mark the end of Swiss banking as we know it, as many offshore clients may no longer trust the anonymity of the country's banking system. Prosecutors suspect that UBS helped its American clients hide $20 billion from the government, or about $300 million a year in taxes, from late 2002 to 2007. UBS has admitted that some of its employees "participated in a scheme to defraud the United States" Read the UBS Agreement here: huffingtonpost.com