...but millions in stock options, which are taxed at a much lower tax rate. Richard Kinder gets his through dividends also at lower tax rate. KMI is a MLP so even the dividends are not fully taxed. He, of course, is a majority stockholder in the company he co-founded.
What's the context? Typically, conservatives want to cut taxes only and cut the wrong taxes. Taxes are already pretty low right now. There are areas where they should be cut, but spending should be restored in other areas. To be effective, there needs to be a balance. You just choose the wrongs things so they're not effective. Just like you're wrong that I can't have it both ways...
You think taxes are low? Just figure out what percentage of your income you pay in federal, state and local taxes as well as sales tax, property tax, gasoline taxes, excise taxes and whatever other hidden taxes you don't think about. You will likely be shocked.
I think I fall in the conservative category and I wouldn't say I was a fan of sales taxes. I am intrigued by the idea of a flat sales tax replacing the ridiculously complex income tax currently in place.
I know exactly what I pay in taxes. And I know that Louisiana has some of the lowest taxes in America. Our shoddy roads, closed public hospitals, and slashed and burned universities are there for evidence. Republicans always want something for nothing. They like to cut taxes but resist cutting spending to match the tax cuts. Moreover they just keep borrowing money instead of balancing taxes with spending.
