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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (41710)	3/8/2010 2:09:49 PM
From: TimF	Read Replies (1) \| Respond to of 71588

These wallstreet guys that are taking home 10's of millions in MY taxpayer money essentially are paying the SAME rate as I am. If they are taking home your tax payer money, I suggest protesting that fact rather than the tax rates they pay. That's the real "out of balance" part IMO. And most of them probably pay a lot more than you. Only a handful would probably be in that "top 400" that we are talking about. Most of them are just in the "near rich" or "rich" or "very rich" categories, and they tend to pay a lot of tax. Again the top 10%, top 1% and top .1% all pay high tax rates compared to the bottom 80% (and that's even if you exclude the bottom 20% or 40% from the picture, since the former mostly don't pay net income taxes). Apparently the Estate Tax has become such a "horrific" thing now that everybody is rooting for Paris Hilton to inherit EVERY dime from her parents. Just about no one is rooting for Paris Hilton. She's the figure the supporters of the estate tax use, not its opponents. She should be a poor example for people to use (but probably isn't since its all about symbolism rather than facts) because apparently she will not be inheriting much. (See below). The opponents are "rooting for" family businesses and such, and for more efficient taxation with less dead weight loss (gaming the rules in the inheritance tax, results in both a fairly small amount of revenue from it going to the federal government, and a large degree of costs and inefficiencies created for the money involved) ------- Paris Hilton has reportedly been cut off from her inheritance by her billionaire grandfather according to ninemsn.com.au in Australia. Paris was supposedly to receive a $59 million inheritance from her grandfather, Conrad Hilton, the co-chairman of the Hilton Hotel chain. The 79-year-old Hilton appears to be so fed up with how Paris has sullied the family name that he has also cut off his 10 other grandchildren too. He will instead put the family fortune into a charitable foundation. mccaffertyspub.blogspot.com -------------- A guy that makes 1 million a year is going to provide MORE jobs per buck of income than a guy that makes 1 billion a year. Not necessarily, but even if/when it was the case, it doesn't seem like something that should drive tax policy IMO. Esp. tax policy that's likely to be directed against the guy making a million a year, or even much less than that.