Quote:
Originally Posted by waynet
I'm a retired 65 year old that pays taxes....federal,state,sales and others.My federal tax rate is 28% and each year I pay at that rate. I have no real deductions so I use the short format 28%. If this President or any president wants millionaires to pay at 30% I am all for it. I do not care how they earn their money leg al or illegal. I want them to pay their fair share. Is this too much to ask? I don't care if itmeans nothing to the federal deficit,all I want is that they pay their fair share. And while we are at it how about all those job creating companies paying something,anything,a little some taxes.
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If you read, it is NOT ALL millionaires...primarily those who invest in bonds...you know the bonds that finance our cities and states and such.
I totally understand what you say, TOTALLY..I agree and everyone wants the tax code fixed but this solves not one thing..NOTHING and will make those who are going to have to pay for it to switch investments and if you read the article, if this were to be passed this year (and it will not and the President knows it) the impact (NEGATIVE) on the stock market would be terrible as the investors will take their money out of any investment that might fall into this tax.
That is why I refer to it as just a political trick. That bothers me a lot.
BUT I understand your feeling...I want equal also, but this is a political move strictly !