From: Tim Heald
To: CF-Community
Sent: Thursday, November 20, 2003 2:23 PM
Subject: RE: Bush resume
You know this how? It's never been fully implemented anywhere.
Also lets look at two taxes here for a second.
1. Capitol Gains Tax.
a. I make a wage from work. This is taxed as income.
right...
b. I purchase stocks or bonds with some of this wage to invest for my
future. This may be subjected to sales tax (depends on where and why).
sales tax has absolutely nothing to do with the federal government.
c. I chose a good stock and it profits so I sell it. This is taxed again as
a capitol gain, and as income.
yes - on the profits - otherwise, it's untaxed revenue.
d. I start over again, with the same original money which has now been taxed
as much as four times.
nope - not true.
This is insane.
2. Estate Taxes
a. I work for 40 - 60 years and do well for myself. During this time I pay
all of my various income tax, sales tax, capitol gains tax, and about 1000
different "luxury taxes" like gas booze and smokes
b. I die
c. The gov't takes half of everything I built for no other reason than it
says so.
Again insane.
No, not insane. Estate taxes were introduced under Teddy Roosevelt's presidency as a way of avoiding a plutocracy. Makes sense in that light.
F*ck it why work hard?
-----Original Message-----
From: Howie Hamlin [mailto:[EMAIL PROTECTED]
Sent: Thursday, November 20, 2003 1:31 PM
To: CF-Community
Subject: Re: Bush resume
Of course that's part of it - trickle down economics does not work and
never will.
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