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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsrMoney proves it. The rich can easily absorb higher taxes
A couple million here and there doesn't seem to be a big deal. Especially if you can minipulate it enough to choose your own rate by a percent or two.
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rMoney proves it. The rich can easily absorb higher taxes (Original Post)
Paulie
Sep 2012
OP
Raven
(13,899 posts)1. Very.Good.Point!
PA Democrat
(13,225 posts)2. I'll bet he'll file an amended return after he loses in November.
And then he'll take the full deduction for his charitable contributions.
k2qb3
(374 posts)3. Time to go after the payroll cap and capital gains as income.
It's way past time, our economy would be way stronger if the fiscal situation was resolved.
meow2u3
(24,768 posts)4. Even if rich people pay a whole lot more money in taxes
They still have a hell of a lot more money left over then most of us.
Question is:
Would you rather have $50,000 or 30% of $10M?
Vincardog
(20,234 posts)5. I would rather have 10% of $10M.
Canuckistanian
(42,290 posts)6. He wouldn't even miss it
Wouldn't make the slightest bit of difference to his lifestyle.
He can't possibly spend the remaining money fast enough to even make a serious dent in his portfolio.