|
nota- C corps (such as those that comprise much of Bill Gates' wealth) pay a LOT of tax and they pay it twice! The corp pays tax on it's income and then when the owner wants his cut he pays tax on the dividends AND the corp doesn't get a deduction for those dividends that are paid out!
regarding cap gains if everything is so skewed towards the rich man why do lower income folks get an even cheaper 10% cap gain rate? and why do we have AMT which, in essence, says 'if you have too much low 'specialty rate' income we will take away those 'special rates' and tax your ass to death?
and why do we have estate taxes which give estates of less than $2m* a free pass but tax everything above that at heavy rates?
and perhaps we should talk about EIC. we actually pay people to maintain low income levels and have kids! how is that pandering to the rich?
*note this figure changes periodically
__________________
*****************************************
Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
|