🚀 go-pugleaf

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.

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Andy Walton * atticus@mindspring.com * http://www.mindspring.com/~atticus