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jorno67

(1,986 posts) Fri Jan 25, 2013, 05:49 PM Jan 2013

The US Taxes work not Wealth

Nice take on taxes...

http://www.cnn.com/2013/01/25/opinion/mccaffery-mickelson-taxes/index.html?hpt=hp_c1

The Mitt-Lefty paradox has a simple explanation: In America, we tax work. And highly. We do not tax capital or wealth much at all. Indeed, if you have wealth already, taxes are essentially optional under what I call tax Planning 101, the simple advice to buy/borrow/die.

2 replies

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Highlight:

The US Taxes work not Wealth (Original Post) jorno67 Jan 2013 OP

People born wealthy do not pay near as much on their income as a working stiff. BlueJazz Jan 2013 #1

Taxes Jarhead1775 Jan 2013 #2

BlueJazz

(25,348 posts)

1. People born wealthy do not pay near as much on their income as a working stiff.

Reply to jorno67 (Original post)

Fri Jan 25, 2013, 06:17 PM

Jan 2013

Too disgusted to say anything else...

Jarhead1775

(43 posts)

2. Taxes

Reply to jorno67 (Original post)

Fri Jan 25, 2013, 07:04 PM

Jan 2013

I don't agree with being required to pay anyone to work for a wage.

Taxing income from work is paying for a right to work.

Paying union dues in a closed shop is the same.

My belief is they should tax purchases or use, not work. Work is good, certain purchases are bad. Tax bad or luxury more, (tobacco, sports cars) and leave work and wages alone.

My thoughts. Let the flames begin....

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