OT - Fed and Taxes
The top tax rate doesn't *directly* concern me ... I'm not there - yet. However, I'd like to be. I'm thinking further than just next year's return, and putting myself in the shoes of those who are there already.
As a single, middle-aged, non-minority male with no dependents, I maintain my belief that there is NO viable "targeted" tax cut that will benefit me directly. Only a shift in the raw rates will, which is not "targeted." However, I agree that *any* tax cut initiative is worth encouraging, and most will provide me an indirect benefit.
Finally, the nature of political fixes is to make one dramatic change, declare the problem "solved," then move on to other problems. Bush will get one chance at a tax cut per Congressional term (2 years), and the second term currently looks far more hostile than the first. I still think he'll be able do cut taxes once, and if so, must do it "bigtime" (to borrow a phrase ... <g>).
- Mitch |
