European Tribune - Comments

Level 3 | 70 comments (70 topical, 0 editorial, 0 hidden)

Certainly a large (albeit a damn sight smaller than it should be) chunk of the currently "healthy" tax revenues comes from these guys and their staff, simply because they are "people" businesses and don't have quite the same level of deductions and credits that capital intensive "productive" enterprises do.

That is about to go colossally "pear-shaped" as well documented here on ET.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Wed Nov 7th, 2007 at 07:25:02 PM EST
[ Parent ]

If I understand this exchange correctly, (4.00 / 3)

the GS and MS guys (and they are mostly guys) are the 15%ers in the tax code. The productive people actually pay at income tax rates. The financial people pay at capital gains rates, even though they are intermediaries.

paul spencer

by paul spencer (spencerinthegorge AT yahoo DOT com) on Wed Nov 7th, 2007 at 08:00:03 PM EST
[ Parent ]

Re: If I understand this exchange correctly, (4.00 / 2)

The executives are almost undoubtedly in the capital gains group. The retail workers, along with the lower- and middle-managers, are in the income group.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Fri Nov 9th, 2007 at 10:58:09 AM EST
[ Parent ]

Level 3 | 70 comments (70 topical, 0 editorial, 0 hidden)

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