<html><body><div style="color:#000; background-color:#fff; font-family:arial, helvetica, sans-serif;font-size:12pt"><div style="RIGHT: auto"><SPAN style="RIGHT: auto">If you're playing at the level, you not only get dodges, but big fat subsidies and should you be really big the government will adjust the macroeconomics (Fed policy) to suit your needs.</SPAN></div>
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<div style="RIGHT: auto"><SPAN style="RIGHT: auto">But it's not just the fabulously wealthy who benefit here. The poor often pay more in taxes to support all sorts of middle class stuff. E.g., public colleges. Really poor people don't go to college or go as often, as a group. Middle class people do. Sure, they get taxed, but so does the poor slob. So, the middle class person's kid goes to a public college with a government loan to become the manager of a company where the poor person's kid cleans the toilet. Yes, the middle class is being destroyed...<VAR id=yui-ie-cursor></VAR></SPAN></div>
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<div style="RIGHT: auto"><SPAN style="RIGHT: auto">Regards,</SPAN></div>
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<div style="RIGHT: auto"><SPAN style="RIGHT: auto">Dan</SPAN></div>
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<DIV style="BORDER-BOTTOM: #ccc 1px solid; BORDER-LEFT: #ccc 1px solid; PADDING-BOTTOM: 0px; LINE-HEIGHT: 0; MARGIN: 5px 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; HEIGHT: 0px; FONT-SIZE: 0px; BORDER-TOP: #ccc 1px solid; BORDER-RIGHT: #ccc 1px solid; PADDING-TOP: 0px" class=hr contentEditable=false readonly="true"></DIV><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> BillK <pharos@gmail.com><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> ExI chat list <extropy-chat@lists.extropy.org><BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Thursday, July 14, 2011 6:08 PM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [ExI] rugged individualists<BR></FONT><BR>On Thu, Jul 14, 2011 at 10:41 PM, Kelly Anderson wrote:<BR>> It was the year I sold the company (ViewSoft) that I co-founded in<BR>> 1991. Years of near poverty before and after (although not immediately<BR>> after), but the one year of astounding success
was punished severely<BR>> by the government. It was a capital gains tax on $1.8 million dollars.<BR>> Despite the liberal hogwash to the contrary, there were NO tax dodges<BR>> that would work. Rich people pay their fair share. If it had been<BR>> regular income, as opposed to capital gains, the rate would have been<BR>> even higher.<BR>><BR><BR>What you meant to say was that there were no tax dodges available to<BR>small businessmen. The tax dodges appear when you are a multi-national<BR>corporation that is best friends with a government that allows them to<BR>move profits to tax-free havens offshore.<BR><BR>In the USA the small business environment is being punished severely<BR>and the middle class is being destroyed.<BR><BR>BillK</DIV></DIV></div></body></html>