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To: Carry_Okie
I think there are a good many rich people who inherited money and invested overseas. That doesn't create a single American job. So let's quit with the fantasy that all we need to do to create jobs is cut taxes, because it just doesn't sell, as is confirmed by the polls. The leverage in decreasing regulations is far greater in terms of both net revenue and GDP.

The US does not tax wealth -it taxes income. As such when money is inherited it is with few exceptions already taxed once -are you suggesting it be taxed more or that wealth be redistributed if inherited?

I would suggest that reducing taxes is always good.

48 posted on 10/07/2012 10:43:56 PM PDT by DBeers (†)
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To: DBeers
The US does not tax wealth -it taxes income.

The death tax does tax wealth. It hits small business and landowners, not the wealthy, and is thus ultimately regressive.

I would suggest that reducing taxes is always good.

Given your knowledge of our current tax structure, I'll give your opinion all the consideration it is due.

49 posted on 10/08/2012 8:11:04 AM PDT by Carry_Okie (GunWalker: Arming "a civilian national security force that's just as powerful, just as well funded")
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