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Politics : Politics for Pros- moderated
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To: carranza2 who wrote (76536)10/11/2004 1:14:59 PM
From: gamesmistress   of 793872
 
Here we have to define "income". Only John gets a paycheck, not Teresa. And if most of Teresa's wealth is in tax-free instruments, well, she has good financial advisors. Heck, she doubled what John Heinz left her. I hope Bush does radically simplify and flatten out the tax code. Right now there's a lot more involved than "income". Remember Steve Forbes and his 15% flat income tax rate? Problem was he also wanted a 0% capital gains tax and most of his "income" was capital gains. His plan benefited him, all right, but it would have made more sense to have both income and capital gains tax at 15%.
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