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To: Vaquero
I'm not saying that the tax is not paid, I'm saying that the economic impact to a person who can dictate their pay is minimized. Someone such as a Hollywood star or Major Sports person factor in the tax effect when negotiate their pay. This ability to shift the tax burden is not available to the average working person. Look no further then Warren Buffet making the statement that his secretary pays more taxes then he pays.

Now if we had a wealth tax such as France, then we would hear Warren scream!

and no I am not for a wealth tax or any additional taxes. I like the concept of a Flat Tax. I also think there should be a Truth in Tax Law which would require all transactions to separately list each tax for the consumer to see the true impact of taxes.

39 posted on 07/08/2010 11:20:20 AM PDT by Lockbox
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To: Lockbox
Warren Buffet and other lefty billionaires like Bill Gates have donated billions over the past few years to various charities...I can not imagine that they pay taxes for that and other reasons.

as far as a flat tax, I am not sure about that but a valued added tax is in the works....but it will be in addition to your income tax and not instead of it.

as far as a wealth tax....that is criminal...why should you pay taxes on money that you were already supposedly taxed on.

the current POS in Washington wants you to suffer.

45 posted on 07/08/2010 11:57:25 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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