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 : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (168549)	8/9/2011 5:28:43 PM
From: Sam	Read Replies (4) \| Respond to of 544155

If you define it as the top 1% of HH's though, you include a lot more than the superrich. Taxing away their wealth means wiping out every small business in the country and every working farm,maybe most Californians who've paid off their homes, etc. You think thats a good idea? Brumar, it is an absurd idea, and no one is proposing it. Raising the top marginal tax rate to 39% is far from "taxing away their wealth." So let the rich go to another country if they are unhappy with that. They will find that tax rates in almost every other country that they would realistically consider are higher than the US. If not income taxes, then some other tax--all successful countries have to get revenue some way or another. You keep claiming things that just aren't so. You may believe them, I dunno. But it is a false belief. Just as the South was simply wrong in thinking that Lincoln was going to end slavery during his term of office. He only did put out the Emancipation Proclamation well into the war, when hand was virtually forced by the way the war was going for the North.

To: Brumar89 who wrote (168549)	8/9/2011 5:54:56 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 544155

IRS: 1,470 millionaires paid no income tax Published: Aug. 5, 2011 at 10:40 AM upi.com