http://amateurassetallocator.com/2008/06/16/do-the-rich-pay-their-fair-share-in-taxes/ Amateur Asset Allocator Sun, 14 Mar 2010 09:25:21 +0000 http://wordpress.org/?v=2.9 hourly 1 http://amateurassetallocator.com/2008/06/16/do-the-rich-pay-their-fair-share-in-taxes/comment-page-1/#comment-1467 Curt Wed, 18 Jun 2008 15:48:59 +0000 http://amateurassetallocator.com/?p=210#comment-1467 Excellent explanation of how the rich are double taxed. I agree with you, the rich are already paying a lot of tax. How can Obama suggest that they should be taxed more? If the rich are taxed any higher, they will just move their money into foreign assets - which will reduce US investments, profits and employment. We need the rich to keep their money in the US, if anything to support the weakening dollar. Taxes should be lowered and government spending should be reduces to reflect the resulting lower government income. But, the last thing politicians want to do is cut government spending, so they push to increasing taxes. If Obama gets elected, the economy is only going to get worse for 4-years. Excellent explanation of how the rich are double taxed. I agree with you, the rich are already paying a lot of tax. How can Obama suggest that they should be taxed more? If the rich are taxed any higher, they will just move their money into foreign assets – which will reduce US investments, profits and employment. We need the rich to keep their money in the US, if anything to support the weakening dollar. Taxes should be lowered and government spending should be reduces to reflect the resulting lower government income. But, the last thing politicians want to do is cut government spending, so they push to increasing taxes. If Obama gets elected, the economy is only going to get worse for 4-years.

]]> http://amateurassetallocator.com/2008/06/16/do-the-rich-pay-their-fair-share-in-taxes/comment-page-1/#comment-1466 rocketc Tue, 17 Jun 2008 16:45:57 +0000 http://amateurassetallocator.com/?p=210#comment-1466 if Buffet paid 1% of his income in taxes, he would pay more than me. if Buffet paid 1% of his income in taxes, he would pay more than me.

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