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Perry defends death penality
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19/09/2011 05:09:30
 
 
À
18/09/2011 16:59:53
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., Nouvelle Zélande
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News
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Social
Divers
Thread ID:
01523054
Message ID:
01523898
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33
>>>Because federal income tax is based on income, not wealth.
>
>
>Does this definition of income include "capital gain" which is a major/main source of additional wealth for the already wealthy and is taxed at only 15%? Some of the richest people I know don't bother to pay themselves any income at all these days.

I think you are too hooked up on the pure #$ of capital gain. This # has to be corrected for inflation to arrive at an increase in buying power, which is comparable to an income to be taxed. So a rate definatly lower than the tax rate for income is necessary IMHO.

regards

thomas
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