behonestwtl Wrote:
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> WashingTone-Locian Wrote:
> --------------------------------------------------
> -----
> > Actually, carried interest...his fees...are
> taxed
> > at 15%, as well. In fact, Private Equity Funds
> > like Bain don't pay their management regular
> > income at all. All compensation is through
> carried
> > interest and investment income.
> >
> > If you would bother to look up the compensation
> of
> > the Top CEOs of the country, their actual
> > "salaries" are miniscule compared to the
> > compensation they receive through stock
> options,
> > which are taxed as capital gains.
> >
> > But I know facts don't matter.
>
> Facts do matter, the difference is I am not
> ideologically opposed to people making money. I
> want people to make money. Its good for the
> country for people to make money. I want people
> to have money. I have no problem with them
> getting stock options for their jobs.
>
> I also want people to invest in the stock market.
> Thats good for companies and gives start ups the
> needed income to have a chance at success. Even
> Obama proposed eliminating Capital gains tax on
> ALL investments made into small businesses and
> start up companies for a year to help them grow.
> The house passed it and the do nothing senate let
> it die.
>
> When people have money they spend it which helps
> everyone, and most give to charities as well.
> There should be incentives to invest money. Its
> not a guarantee you will make money off of that
> and you can lose every last penny of it unlike a
> salary unless you get fired.
The wealthy spend a much smaller percentage of their income than do poor and middle class people. I have nothing against people making money. I do have a problem with multimillionaires and billionaires getting away with 13.9% tax rates while we are talking about gutting the Medicare system I have paid into all of my working life.
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http://bible.cc/1_corinthians/13-11.htm