Quote:
Originally Posted by Byte1
How do you figure that the rich pay less taxes? Any taxes paid is more than half the country is paying and that is a fact. To be fair, we would either have to initiate a flat tax where EVERYONE (including the low earners) pays a percentage of earnings, OR we would have to have a federal sales tax. Then I wonder how some would feel about the rich paying sales taxes. A person wishing to save their money would not purchase. A rich person not wishing to pay taxes on a Rolls would purchase a Ford.
Time to quit making excuses and face reality. The rich are paying for the running of this country and should not be penalized to the point of leaving it. The rich are patriots. Yep, I said it because I am not biased against those that are my betters in wealth. It is the rich that employ. The gov cannot spend it's own money because it makes no money. It is the rich that pay the most taxes that finance the gov employees. If you want equity, then EVERYONE should pay the same. Is that what you really want?
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The rich pay less taxes through the mechanism of Capital Gains. The rate is LOWER than rates on income!