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Re: Letter to the editor

By: micro in POPE 5 | Recommend this post (0)
Tue, 11 Jun 19 8:36 PM | 47 view(s)
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Msg. 33794 of 62138
(This msg. is a reply to 33786 by Decomposed)

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Re: Letter to the editor
By: Decomposed
in POPE 5
Tue, 11 Jun 19 6:23 PM
Msg. 33786 of 62138

DG:

Re: "Most of the money received by rich people is not salary."
Exactly. Most of the money received by rich people is not "ordinary income." It is not subject to the ordinary income tax most people pay. That's why Warren Buffett is so magnanimous about supporting increased ordinary income tax rates. It's not as if doing that will impact HIM.

You want to see Warren Buffett squirm? Ask him sometime if he also supports increasing the capital gains taxes.


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