Herman Munster
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Fri Jan-12-07 06:45 PM
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Why don't we have a windfall tax bracket for millionaires? |
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Income over $1 million should be taxed at 50%
Income over $10 million should be taxed at 70%
Get rid of all the loopholes and the bullshit trusts, shell corporations, and offshore bank accounts while we are at it too. That would go a hell of a long way to curb the insane compensation among CEO's and executives we've seen.
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stevebreeze
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Fri Jan-12-07 06:47 PM
Response to Original message |
1. because they are in the business of buying politicians? |
SoCalDem
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Fri Jan-12-07 06:51 PM
Response to Reply #1 |
2. never Buy politicians... It's cheaper to rent them n/t |
Rosemary2205
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Fri Jan-12-07 06:52 PM
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3. I have no interest in PUNISHING hard work and success. |
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I do, however, expect everyone to pay thier fair share. Taxing Bill Gates' billions in dividends at 15% and my paychecks at 34% is just plain wrong.
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stevebreeze
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Fri Jan-12-07 06:55 PM
Response to Reply #3 |
4. especially since Gates can determine how much income he desires |
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and magically that is the microsoft dividend.
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lapfog_1
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Fri Jan-12-07 07:19 PM
Response to Reply #3 |
5. Using dividends and Gates is not a very good example... |
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Microsoft has rarely paid dividends.
Here is a story on the first dividend paid:
<snip> Microsoft Corp., which has amassed an unparalleled cash hoard of nearly $60 billion from its world-dominating software business, announced yesterday that it would return a large chunk of it to shareholders, much of it through a one-time dividend of $3 for every share held by investors.
With 10.79 billion shares outstanding as of March 31, the company will pay out more than $32 billion in that one stroke, pending approval of the plan by shareholders.
Company chairman and founder Bill Gates stands to get about $3.3 billion, and he pledged yesterday to give the entire amount to his family's foundation, already the nation's largest.
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stevebreeze
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Sat Jan-13-07 04:32 AM
Response to Reply #5 |
6. to the contrary Gates still controls the money weather in his pocket of that of his foundation |
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the dividends were announced only after the rates were dropped to 15%. I would also note that the rate Gates pays on most of his income is in long term capital gains also at the 15% rate passed in the same bill as the dividend tax cut.
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DU
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Wed May 01st 2024, 05:36 AM
Response to Original message |