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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (698797)	2/13/2013 5:00:41 PM
From: combjelly	Read Replies (3) \| Respond to of 1575446

Sure. Tax cuts that primarily benefit the wealthy. There have been cases where legislation has been passed with a rider in it that eliminates the estate tax on a particular individual. Now, that person isn't named, but it set a series of conditions so that it only applies to a single individual. This one was pretty common during the Reagan administration. Capital gains being taxed at a lower rate than income. No real reason for it except that it benefits those whose income is from investments. Letting hedge fund managers tax their income at capital gains rates. And the whole idea behind carried interest is to dodge taxes. States that eliminate income tax in favor of a sales tax is another. Since the wealthy spend a smaller percentage of their wealth on taxable goods, this shifts the tax burden to the poor and the middle class. As to individuals, the use of stock options for compensation and perfomance-related pay to reduce tax liability for the individual and corporations.