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Author: jgc123 Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 465263  
Subject: Re: The 10% Date: 10/18/2012 9:53 AM
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sailr: "I fundamentally do not believe a person who pays no income taxes should have the right to vote for others to pay more."

I disagree. Here is why.

My wife and I are also in the top 10%. We also have worked and saved for decades.

I paid for my law school and she paid for her graduate degree.

If you go back to 1970-1980, I was in high school and working full time in the summers, and in college and law school I worked part time during the school year and full time in the summers.

That is a full decade in which I worked my butt off and paid no income taxes.

AND I benefitted greatly from the system of tax supported high school, college and law school during that 10 year period.

For the next 32 years I have worked full time as a lawyer and my wife full time as an IT person, and we have paid taxes every year - including 2009 when I settled a big case and apparently paid more taxes than most millionaires.

I will continue to pay taxes for another 10 or 15 or 20 years.

Then I will retire.

At that time I may again reach a point in which I pay no income taxes.

But to say I only get to vote at that stage of my life in which I pay income taxes is beyond wrong. It shows a serious failure to grasp at the most basic level of what society is and how it serves us all.

The opinion of another 10%er.
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