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Politics : Formerly About Applied Materials
AMAT 252.25+0.9%Nov 28 9:30 AM EST
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To: michael97123 who wrote (43326)3/8/2001 9:34:14 AM
From: daryll40  Read Replies (4) of 70976
 
Michael,

You are right that 39.6% (plus all the other taxes) is too much. You forgot, however, to tell the REST OF THE STORY. In 1986, they reduced the maximum tax rate to 28% BUT TOOK AWAY PREFERENCES AND MANY DEDUCTIONS. It was a bad deal since they, soon after in "read my lips" 1990, started creeping the rate back up WITHOUT reinstalling the deductions.

But liberals won't tell that part of the story. Because the "rich" are greedy and are't paying their fair share.

Daryll40
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