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Do some people make the mistake of confusing income and wealth when it comes to taxes, and who pays how much?

http://answers.yahoo.com/question/index;_ylt=AszHf...

See this previous question, where some mention how much "wealth" people have.

Am I asking fair questions? We can disagree on the issues, but are these questions insulting to anyone? I am trying not to be.

Thanks!!

7 Answers

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  • Anonymous
    10 years ago
    Favorite Answer

    You're getting too technical.

    Most of the People on here have trouble distinguishing between "debt" and "deficit".

    One time I used the phrase "unearned income" and you would have thought I'd trampled on an original copy of the Constitution.

  • imaxkr
    Lv 6
    10 years ago

    Most definitely. Just like many do not know the difference between the debt and the deficit.

    The way you hear some people talk about raising taxes on the rich and wealthy sounds more like they want to confiscate their wealth, much like what happened in Russia early last century.

  • 10 years ago

    I read the other question and Yes people don't see the difference.Wealth is the accumulation of already taxed monies, where income is taxable upon creation.

    Source(s): p.s. Im poor.well better yet let me say, after all my expenses, Im broke.
  • 10 years ago

    You have some point but it is hardly a significant one.

    High wealth tends to lead to high income, and high income tends to lead to high wealth.

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  • Anonymous
    10 years ago

    Yes, I see this mistake from a lot of people who have neither.

  • 10 years ago

    You are correct.

    Many frothing at the mouth libtard idiots can't make this distinction.

  • 10 years ago

    Yes, it's the most common mistake.

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