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|    Message 3,355 of 4,105    |
|    BOB KLAHN to ALL    |
|    People who chose to pay no income tax.    |
|    14 Apr 14 05:52:20    |
       A column by Paul Krugman added a bit more to the non-taxpayer        theme of the republicans. As you may recall, Mitt Romney made a        big deal about 47% of Americans paying no taxes. Which was a lie        to begin with, but that's another matter.               However, that figure included those who don't hold jobs so they        don't have to pay income taxes, including those retired on        social security with low incomes. Then there are those like        military personnel in the war zone, but a lot of them will start        paying income taxes under republican rules if they get passed,        as only those in combat units will be exempted.               I knew Paul Ryan wanted to reduce taxes for the rich, including        eliminating the estate tax. What I hadn't known is, Paul Ryans        tax plan included eliminating capital gains taxes, and taxes on        dividends. Since the very rich seldom are very rich because of        earned income, those changes could lead to the .1% becomeing        part of those paying no federal taxes on their incomes.               Now right wingers like to tout the rich as paying most of the        income taxes, yet Paul Ryan wanted to wipe out all taxes on        income for the very rich. Even those who hold positions as        executives in companies could chose to receive a token salary,        thus avoiding taxes even on that income.               Imagine the Walton family, whose entire fortune is built on        inherited wealth, and Forbes, and how many others, never paying        another penny of tax on their incomes, and then passing that        same benefit to their heirs.               OTOH, maybe that's a good idea, maybe that will be what it takes        to get it through to the American people that the rich are        actually drastically under taxed.                     BOB KLAHN bob.klahn@sev.org http://home.toltbbs.com/bobklahn              ... Learning that we're only Immortal for a limited time...       --- Via Silver Xpress V4.5/P [Reg]        * Origin: Fidonet Since 1991 Join Us: www.DocsPlace.org (1:123/140)    |
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