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Money and Finances
Reply to ""Tax the Rich""
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[quote=Anonymous]you shouldn't but if you had 100 million and invested that, yes many people believe it should be taxed b/c no-one earn 100 million through their labor alone. Tax the Rich means the non working - family offices and family trusts that invest and manage the incomes of the fabulously wealthy who dont earn any income on paper b/c their tax rate is less than anyone here who is asking a tax question. there rich have a family manager who pays everything and sends them a document monthly that lists what they have spent (if only entertainment mogul rich) and have a "budget meetings" with their financial team who gives them a rundown yearly or quarterly at most. thats the kind of rich who need to be taxed- not someone who is a partner at Latham. not that they aren't wealthy- but taxing them won't move the needle on the national debt, fund medicare and it causes the least harm.[/quote]
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