In article ,
Doug Miller wrote:

Very doubtful. Investment income is taxed at a considerably lower rate than
wage or salary
income -- with the result that the rich generally pay a lower rate under the
current system
than do the middle class. Remember Warren Buffet and his secretary?
Those appear to be cherry picked instances though. The IRS figures
show that there are BIG differences in the effective rates between the
top and bottom groups. Also, the bottom 40% actually get access to
credits that result in them having a NEGATIVE effective rate.



The rich do spend more, but I think very few are
spending enough to come anywhere close to making
up the income tax that would be lost.

Take Warren Buffet for example. He's paying around
18%. Even if he spent everything he makes, you'd
have to have an 18% sales tax to equal it. And Buffet
lives relatively modestly. I'll bet he doesn't spend 5%
of what he earns.

He hasn't yet earned most of what he has earned since he takes
relatively little salary and most of his wealth is in B-H stock. These
we will never taxes from because he will most likely hold them until
death and is giving most of it away as a tax deduction. We also wouldn't
see them under a sales tax scenario.



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People thought cybersex was a safe alternative,
until patients started presenting with sexually
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