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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Katelew who wrote (410707)	2/14/2011 10:21:18 PM
From: longnshort	16 Recommendations Read Replies (3) \| Respond to of 793559

"Self-employed business owners have lots of ways to shield or underreport income thus bringing down their affective tax rate. how show me. Talk to my Acct. typical liberal bullshit. My acct wants to know how to shield my taxes ? you libs just spew crap

To: Katelew who wrote (410707)	2/14/2011 10:24:36 PM
From: longnshort	13 Recommendations Read Replies (2) \| Respond to of 793559

My acct would love to sit your ass down and tell you what an ignorant fool you are. You libs are so fukking clueless

To: Katelew who wrote (410707)	2/14/2011 10:29:57 PM
From: arno	18 Recommendations Read Replies (2) \| Respond to of 793559

Self-employed business owners have lots of ways to shield or underreport income thus bringing down their affective tax rate. OMG!...That is just too damn funny You really don't have a clue...do you?

To: Katelew who wrote (410707)	2/15/2011 7:25:40 AM
From: Bill	3 Recommendations Read Replies (2) \| Respond to of 793559

The uber rich have a low effective tax "rate" because they store their accumulated wealth in tax free bonds and other such instruments. Their earned income tax rate is the same as everyone else's. But because so much of their total income is tax free, their effective "rate" of taxation on all their income is low. If you had earned income of a million dollars and Warren Buffett had earned income of a million dollars, you'd both pay 30 something percent of it in income tax. But if we include the income generated by $10 billion in tax free instruments that Warren has, of course his effective rate is going to be lower than yours.