General Discussion
In reply to the discussion: What 3 major things would you change, if you could, about America ? [View all]joeglow3
(6,228 posts)The most are getting their income from tax exempt bonds. Have you ever entered the market for a tax exempt bond? They pay less that a taxable bond...by about the tax rate. Thus, they ARE taking a hit against their income to the tune of the income tax rate. Difference is that instead of paying the taxes to the Federal government who will redistribute it, they are paying it directly to a municipality through lower interest expense for said local government. Guess what those fund are almost always used for - infrastructure investment (leading to working class jobs). I have said it before and will say it again - people need to do REAL investigation before getting angry about something and forming an opinion. There are LOTS of people who will prey on people's laziness to get them to support their cause.
Again, I am not disagreeing with your general sentiment. I just hate it when people rely on half-truths, misleading information and/or flat out lies to further their cause.