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Political Discussion
Reply to "Tax Poll: What rate do you think this couple should pay?"
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[quote=Anonymous]I think the "rate" discussion is a red herring. The real argument is deciding what counts as income. -- Wages (sure) -- Common interest income (CDs, savings accounts)? -- Profit from selling a house -- Capital gains -- Inheritance It seems to me that "flat taxes" and 9-9-9 plans are really about codifying the idea that unearned income, especially capital gains and inheritance, are no longer considered "income." Since these are the major sources of wealth for the super rich, they don't mind everyone else bickering about rates. Perhaps I'm unqualified because I've never had gains from selling a house, selling stock or getting an inheritance but those things sure seem like "income" to me.[/quote]
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