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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (7203)	11/5/2000 10:20:30 AM
From: orkrious	Read Replies (1) of 30051

Zeev, good well thought out post. A few expections: What is unhealthy is when a tax cut which "applies equally to all", actually reduces the tax rate of those in the $1 MM plus category (percentage wise) more than it does those in the $100,000 bracket. It is my understanding that Bush's tax cut will cut in half the taxes of families earning less than $75,000/yr. (I wish I could remember where I saw this, maybe someone can provide a link.) Consequently, the tax cut is not as "unequal" as Gore makes it sound. It is just that the "rich" pay such a higher percent of the total taxes now that under Bush they will get a higher percentage of the "refunded" taxes. In the end the promises made in the political campaign rarely end up being put into place. The real world fiscal constraints and partisan bickering usually "restrain" the final legislation that is passed. I suspect we have far more to fear from the Asian problems you've discussed than from Bush's or Gore's tax plan. Jay

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