You seemed to repeat back some of what I said, expanded, added some touches of rudeness. You did add the term capital gains taxation as the means by which, as I said:
"Furthermore, since the wealthy folks can spend so much to lobby, they can have the sorts of earnings they get from their place of business declared by law as not payroll. "
Imagine that. You can work at a company and get laws passed that make it possible to avoid paying income tax on your compensation from that company. No company I ever worked for would compensate me with stock. Though there were employees who did recieve stock. Hmmm, I wonder what the difference between them and me is? I know, it is an extension of the divine right of kings. God favors the highest officers of the company or He would not have put them in that position. Therefore they are deserving of this humongous tax dodge where I am not.
OF FREAKING COURSE Buffet and most everyone else deliberately minimizes the taxes they pay. And in fact it makes perfect sense (though one might worry a bit about the ethics) that the wealthy have spent a great deal to get passed favorable tax laws to make that possible. We citizens need to protect ourselves from this power that wealth gives you over your fellows. I don't want to be a peon.
Flame » in reply to Warren Buffett pays a lower rate than his secretary because his income is taxed as capital gains, and hers isn't.
Re: Warren Buffett pays a lower rate than his secretary because his income is taxed as capital gains, and hers isn't.
The whole thread (35 posts)
- So Romney's paying...
- Romney paid over $6 million in Federal taxes in the past two years.
- Re: Romney paid over $6 million in Federal taxes in the past two years.
- Just for fun
- Be careful of the terminology. (EDITED FOR CORRECTION)
- One more time if you don’t mind
- define:progressive tax rate, define:regressive tax rate
- What?
- Re: define:progressive tax rate, define:regressive tax rate
- You do love that red herring, don't you?
- About the definitions, you were right and I was wrong.
- And I spoke too soon
- Re: And I spoke too soon
- Yeah, those look like "my" numbers.
- The problem with defending markets here is that too many people can't think outside the "managed economy" box.
- Yeah, those look like "my" numbers.
- Re: And I spoke too soon
- And I spoke too soon
- About the definitions, you were right and I was wrong.
- You do love that red herring, don't you?
- I don't mind wealthy people paying more taxes than people who aren't. I never did.
- define:progressive tax rate, define:regressive tax rate
- One more time if you don’t mind
- Be careful of the terminology. (EDITED FOR CORRECTION)
- Tax rates of presidential candidates
- Romney paid over $6 million in Federal taxes in the past two years.