taxation

[classicman]

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.

[ZenGum]

Originally Posted by classicman

Loopholes ...

Loopholes.

Whenever any government carefully writes some policy or legislation, experts immediately comb through it to find how to use it in ways that were not originally intended.

Well, this is normal, and human self-interest, but they are abused to a ridiculous degree, and all politicians are very slow at moving to close them.

I guess this is the appeal to the "flat tax" idea, but I would expect that however that is written lobby groups would make sure there were still loopholes.

[TheMercenary]

Originally Posted by classicman

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

Only about 100, a piss in the wind compared to the larger picture.

[classicman]

Originally Posted by TheMercenary

Only about 100, a piss in the wind compared to the larger picture.

Isn't this how Nam started?