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Politics : PRESIDENT GEORGE W. BUSH
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To: American Spirit who wrote (171425)8/15/2001 8:21:32 AM
From: Logain Ablar  Read Replies (1) of 769667
 
AS:

A few of your misrepresentations just from the most recent post.

I've already explained for your average rich person about 50% of his expenditures are tax deductible . You obviously don't understand the income tax system. This is a false statement. When Reagan put through the lower tax rates (remember when the highest rate was 70%) in the brackets part of the trade off was eliminating many of the deductions.

Notice even with the lowering of the brackets the "rich" still pay 80% of the tax burden.

AGAIN you miss the point.
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