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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Skeeter Bug who wrote (157401)	5/21/2003 2:16:11 PM
From: Oeconomicus	Read Replies (1) of 164684

The tax cut plan calls for across the board cuts in marginal tax rates. Obviously, if you knock 1% off the effective tax rate of someone paying 100k in taxes and someone else paying 10k in taxes, the former get 10x the $ savings, but only because he pays 10x the taxes. Tell me what you find unfair about that? And while you're thinking about it, consider that the "rich" guy above probably does not make 10x is poor friend - we have a progressive marginal rate structure, so he's already paying a much higher effective tax rate. The plan, from what I've heard, also calls for increasing exemptions for dependent children. The benefit there is obviously the same for all in dollar terms, but much greater for lower income taxpayers in terms of reducing their tax burden.

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