Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.31

-3.2%

3:59 PM EST

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To: Cary Salsberg who wrote (43040)	3/4/2001 6:33:19 PM
From: Math Junkie	Read Replies (1) of 70976

PMFJI, but even though I am a long, long way from qualifying for your 70% tax rate, I see it as fundamentally unjust to have combined federal and state marginal rates in excess of 50% for anyone. Furthermore, it becomes a disincentive for further achievement for anyone in that position. As a practical matter, there are areas of endeavor in which people can make more efficient use of their money than government can, which makes getting too piggy on the tax rates a matter of diminishing returns from a societal point of view. Personally, I would like to see a flat tax with a much higher standard deduction. Even though I am not rich, I would like to be some day, and I don't like the way graduated rate structures make it harder for people to get ahead.

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