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Here is what a lot of rich folks are wondering today

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LuckyTheDog Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 01:56 PM
Original message
Here is what a lot of rich folks are wondering today
Edited on Wed Dec-08-10 01:56 PM by LuckyTheDog
Would losing my Bush tax cuts actually cost me less than the amount I am losing in the value of my municipal bond portfolio right now?

D'oh!

:dilemma:
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monmouth Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 02:00 PM
Response to Original message
1. IF one is truly rich, this is a drop in the bucket, the accountant takes
care of it. I doubt many really care...
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LuckyTheDog Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 02:04 PM
Response to Reply #1
2. Not actually true
A lot of rich people have sizable municipal bond portfolios. Trust funds are full of them.
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pnwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 02:08 PM
Response to Reply #1
3. Many DUers think $100K income defines rich.
And people at that level do care about the returns they get from any investments.

But the Meg Whitmans of the world probably don't care much.
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emulatorloo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 02:42 PM
Response to Original message
4. I bet they are mostly worried The Debt Ceiling vote. Because if Republicans vote against that,
the economy will collapse.
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EC Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 03:19 PM
Response to Original message
5. The rich have no clue how much anything is costing them...
ask them...the next time someone says they pay too much in taxes, ask them how much they paid...the truly rich will have no idea...they'll say something like "I don't know, but it was too much.." which means ANY TAXES ARE TOO MUCH...
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