Quote:
Originally posted by skipdup
Also, don't forget, capital gains have already been taxed at least once. It's 15% plus all the normal taxes when the funds were initially earned.
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sometimes, and others NO
lets take bill gates
he has made billions
mostly never taxed one red cent
as most of his net worth is in MS stock
that he created, with minimum investment
so he only pays tax on stock sold at 15%
no or very minimum taxed on unsold wealth
earned thru the MS CORP and free perks tooo
but joe worker pays tax on everything he has earned
bush planned to drop both any tax on dividends
and kill the death tax too
so most of bill gates BILLIONS
would never ever be taxed one red cent
and some dare to call our system progressive
and also claim the rich are ''over taxed''
I bet bill gates has paid less then 1% of his wealth in tax