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To: SeekAndFind

Millionaires do not pay taxes on their accumulated wealth.

People on the way to becoming millionaires are taxed most ruthlessly on the income flow that goes to BUILD the million, but passive gains are not taxed, as equity once established, that is, clear title without mortgages, the growth in its imputed market value, and in fact, its power to earn return on investment, continue to build value and contribute to the millionaire’s net worth.

The net effect of TAXING millionaires, is to reduce their return on investment, not to diminish their accumulated wealth.


20 posted on 10/04/2011 10:22:40 AM PDT by alloysteel (Are Democrats truly "better angels"? They are lousy stewards for America.)
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To: alloysteel
Millionaires do not pay taxes on their accumulated wealth.

Shhhhh! You don't want them coming up with a European style "solidarity tax" on wealth, do you?
39 posted on 10/04/2011 11:18:01 AM PDT by Buckeye McFrog
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