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Politics : Formerly About Applied Materials

AMAT 223.37

-3.2%

3:59 PM EST

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To: michael97123 who wrote (43011)	3/4/2001 6:08:26 PM
From: Cary Salsberg	Read Replies (4) of 70976

Mike, 1. Discuss your fellings about "graduated income tax." I'm in favor of it and believe the discussion should be about brackets not rates. I am not concerned if someone is taxed at 70% on income greater than $10M/year but you might want to reserve that rate for incomes greater than $25M. 2. I would favor a tax plan that replaced the 15% bracket with 0%, the 28% with 15%, etc., and added a new bracket for the top rate. I am fine with increasing the size of the brackets and indexing them to inflation. These help the little guy more than the rich folks, but lowers everyone's taxes. 3. The rich SOB who is President because he is a rich SOB, wants a tax cut that helps rich SOBs more than lower and middle income people. 4. You seem to be confusing the economy with the stock market. The economy is going through an adjustment after the longest peacetime expansion and it doesn't need draconian measures designed to help rich SOBs. The stock market is merely correcting the delusions many stupid SOBs had that they were smart enough to become rich SOBs.

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