Most of us realise that anyone not afraid of hard work has a chance to do well. This is especially true in America, where the only limits are one's own ambition and ability. Liberals love the progressive tax system, which takes a greater percentage of your money as you earn more. It's not fair that you should have more money than others, so your money should be forcibly redistributed to those who make less, in terms of government-run programs and services. With all the loopholes in our Byzantine tax code, however, the truly rich hardly pay at all. Theresa Heinz-Kerry, wife of the Democratic candidate for President in 2004, paid an effective tax rate of only 12.4% in 2003. Her reported income for that year was over five million dollars -- and that's just what her highly-paid accountants couldn't hide in tax shelters most Americans could never afford. That's a far lower rate than the average American pays... and the average American is worth quite a bit less than a million dollars.
2007-12-22
10:45:23
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21 answers
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Anonymous