Msg. 29896 of 65535 (This msg. is a reply to
29889 by
ribit)
Jump:
Certainly not the CEO's since many of them also manage to pay little or NO income taxes.
And then we have the hedge fund managers who's 'salary' has been classified as 'capital gains' as if they had actually taken the risk of investing their OWN money in some venture in the hope that they would earn a return, which is what I thought the whole idea of having a lowered capital gains tax was; to encourage people to take a risk and make an investment of 'capital'. Note that Bachmann is proposing to do away with the Capital Gains tax altogether. Does this mean that hedge fund managers will have NO tax liability whatsoever on the millions (some are making over a billion) that they earn in 'salary' every year? If the IRS considers their 'work product' as return on an investment in 'capital' then why isn't my 40 hours a week an investment of MY CAPITAL for which I earn a RETURN?
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