Quote:
Originally Posted by echoes long ago
hedge fund managers who makes hundreds of millions to billions per year pay a lower tax rate than their 35,000 a year secretaries. Warren Buffet admitted as much. what i posted shows that they are paying a lower overall tax rate on the amount of income they receive as compared to people in the bottom 80% who are paying a much higher rate. there is more i would like to say to you but it seems im the only one here who isnt allowed to answer political attacks. by the way nice try to invalidate what i was saying with the communist bugaboo thing, but it fell short.
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Dear Echoes,
I don't know why you are so upset. I am not referring to you when I use the word "you." I guess I should have used the words "a person, or an individual" in place of the word you. Anyway, don't take things so personally.
Regarding those billionaires, I'm sure they pay most of their money to the government in capital gains tax (at 15%), but their salary or wage is far less than the amount of wealth they have accumulated. I seriously doubt that even at that, they pay less than a $35,000/year secretary pays in income tax. Come on...be real...and remember 1% of billions is way more than 15% of $35,000.
Reality is reality and the rich pay their fair share and more, and no one has the "right" to someone else's wealth. I would venture to say we will never agree, but don't take it personally.