--- In [email protected], Bhairitu <[EMAIL PROTECTED]> wrote: > > And I *do* want to make it clear the progressive tax would work this > way: once you had an estate valued at 12 million the progressive tax > would kick in.
At what rate(s)? At the current 35-60% (aproximate numbers) progressively? Or are you actually suggesting a a 100% tax after 12 million? If so ---- Wow! O to 100% taxataion at 12 million!!! Wow!! Nothing AT ALL progressive about that. Progresive taxes have a long hist ory, NO ONE that I can recall has ever suggesting anthing so draconian. Still, your proposal is far more liberal than current laws that start taxation at just over a million and then tax at 35 to 60 % progressively. So its interesting that you want to abolish the current 60% tax on estates over 3-4 million up to 12 million? (I forget what bracket the final highest rate kicks in) I never took you to be such a strong advocate for abolishing the current tax on estates 1-12 mil, and the 60%+ tax on estates ~4-12 million. Ultra liberals never cease to amaze me. Or are you under the delusion that there currently is no estate tax? And ranting about nothing? >Smart people would retire probably spend more time one > their favorite charities, travel the world etc. I would probably do > that at even 4 million. I imagine those that accumulated 12 million are generally smarter than you and will make thier own decisions without the need t o be informed about your personal preferences. Hard to beleive, sad, but true. Or they would continue to work and pump all the post 12 million into charitable trusts. knowing they could do some good things with the money and be more effective than gov't programs. > Right now we have people with too much money > making bad decisions effecting too many people. Um you sound a bit disgruntled? If the market rules are fair (which they are currently not perfect) what is gained by capping incomes other than throwing water in incentives -- the fuel of innovation. > They are not gods. Oh you now sound really disgrungled. Bad experience in the elevator with a snotty exec? > Take away their excess wealth and bring them back to reason. Ah, I see. ------------------------ Yahoo! Groups Sponsor --------------------~--> Great things are happening at Yahoo! Groups. See the new email design. http://us.click.yahoo.com/TISQkA/hOaOAA/yQLSAA/UlWolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
