Erich Riesenberg

Comparing Income Taxes: Clinton vs. Bush

There is such a gulf in the conversation. Regan2008 talks about millionaires as if they are the elite rich who are evading taxes. Ignorant. Someone with a net worth of a million dollars is likely paying a fair amount of taxes and is being cheated by the same elite rich who are profiting from so many lower income people.

The elite rich include the investment managers who make hundreds of millions of dollars in a year and pay a 15% rate because they claim it is capital gain, rather than earned income. They pay a lower tax rate than their administrative stafff.

The elite rich includes the pretense that social security tax does not flow into the general fund, which allows anyone who earns above that income limit to pay a lower tax rate than the poor saps paying it.

Until people start talking with each other honestly instead of trying to obfuscate issues, there can be no honest discussion about our broken government.