September 14, 2007

(Guest blogged by Bill W.)

... against people who have to actually work for a living.   Got an email about this from TCS:

... At the end of the day, you can forget all the tax mumbo jumbo and look at the issue in more simple terms.  People are paid a bonus - a cut of the profits - to manage a fund.  It's really no different than the yearly bonus you get for laying pavement, answering the phone, or exceeding your sales goals, yet these are treated as income and taxed as such.  Why should one type of bonus payment be treated differently?

Leona Helmsley: "We don't pay taxes. Only the little people pay taxes."

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