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- Nov 13, 2009
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i support taxing all income as income above a cap. there is no good reason for a billionaire investor to be exempted from the bracket system.
NEITHER party has attempted to fix carried interest,which treats capital gains for billionaires fairly. I am in favor of much more substantive fixes to the code. Most folks here have no idea of the complexity and various taxes we are subject to.
No offense but I find it cheap politics to chant "tax the billionaires". I have no problem but it really fixes little. Remember that people like Buffett who famously said he paid a lower rate than his secretary, will pay ZERO taxes on the bulk of his wealth! Even with a "wealth tax" there are ways to insure that most wealth can be transferred to generations at little to no taxes. Loopholes that I have not heard Warren or Sanders talk about closing.
Lets remember that both parties live off the campaign contributions of the super rich. While there are a few that might say tax me, would love to see if those folks find ways to shelter their wealth when the time comes for them to be taxed.
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