🚀 go-pugleaf

You made one dumb conculsion and that is that the money is not taxed.
The corporation whose stock is owned pays that income tax.  Currently
the corporation pays tax on its earnings and any dividends are then
taxed again for the individual.  Is this not double taxation.


Wake up...your government has been putting the screws to you for many
years.

Compare the total tax percentage you paid of your income in 1950
compared to today.  Then who was better off?



atticus@mindspring.com (Andy Walton) wrote:

>In article <4q92dh$3o6@Mercury.mcs.com>, cds@MCS.COM (Chris D. Silva) wrote:

>  :Gary Peterson (ftg@cc.gatech.edu) wrote:

>  :: Ah, the "Let's give the rich even MORE money, screw the poor
>  :: and middle class" tax.
>  :
>  :How does this compute?  If I make 10,000 a year, I would pay 1,500.00
>  :Now If I made 100,000 a year I would pay 15,000 a year. 
>  : Fifteen percent is fifteen percent.

>Many flat tax proposals -- including Forbes' -- exclude capital gains and
>dividend income. Hence, Steve Forbes and Ross Perot would pay no tax.
>Taxes would be assessed only on those who earn a wage, also known as those
>who work for a living.

>In your example above, suppose you make $100,000. Your employer gives you
>stock options -- you decide that you can live on $50,000 a year, so you
>take $50,000 worth of stock. Your company has a good year, and at the end
>of the year, your stock is worth $200,000. That $150,000 in profit doesn't
>count. Your employees who make $15,000 a year, do foolish things with
>their money like feeding their holdren and paying rent, and use the same
>amount (if they're lucky) of government services like police protection
>and highway paving are subsidizing you.

>--------------------------------------------------------------------------
>   "We were once so close to heaven, Peter came out and gave us medals 
>   declaring us the nicest of the damned."      --They Might Be Giants
>--------------------------------------------------------------------------
>Andy Walton * atticus@mindspring.com * http://www.mindspring.com/~atticus