taxation

classicman · 10-14-2011, 10:53 PM

I've repeatedly state that the prime source of income for the uber-rich is not income, it comes from capital gains. Adjusting THAT rate could, I believe, be more effective. Loopholes ... if you make over (x)million you get none.

------------Income -----------------# filers
$1,000,000 under $1,500,000-----15,957
$1,500,000 under $2,000,000-----5,509
$2,000,000 under $5,000,000-----6,674
$5,000,000 under $10,000,000----1,047
$10,000,000 or more --------------400
Total # filers ----------------------29,587

Source IRS fiscal 2008

I still think we are looking at getting an awful lot out of a very few.
The only rational solutions is both reducing spending and increasing revenue.

Again, lets start with the military. Oops, O just sent troops into Africa, never mind.

10-14-2011, 10:53 PM	#13
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	I've repeatedly state that the prime source of income for the uber-rich is not income, it comes from capital gains. Adjusting THAT rate could, I believe, be more effective. Loopholes ... if you make over (x)million you get none. ------------Income -----------------# filers $1,000,000 under $1,500,000-----15,957 $1,500,000 under $2,000,000-----5,509 $2,000,000 under $5,000,000-----6,674 $5,000,000 under $10,000,000----1,047 $10,000,000 or more --------------400 Total # filers ----------------------29,587 Source IRS fiscal 2008 I still think we are looking at getting an awful lot out of a very few. The only rational solutions is both reducing spending and increasing revenue. Again, lets start with the military. Oops, O just sent troops into Africa, never mind. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

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