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jorno67

(1,986 posts)
Fri Jan 25, 2013, 05:49 PM Jan 2013

The US Taxes work not Wealth [View all]

Nice take on taxes...


http://www.cnn.com/2013/01/25/opinion/mccaffery-mickelson-taxes/index.html?hpt=hp_c1


The Mitt-Lefty paradox has a simple explanation: In America, we tax work. And highly. We do not tax capital or wealth much at all. Indeed, if you have wealth already, taxes are essentially optional under what I call tax Planning 101, the simple advice to buy/borrow/die.

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