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Technology Stocks : All About Sun Microsystems

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To: technologiste who wrote (59513)3/14/2004 8:38:19 PM
From: Dinesh  Read Replies (1) of 64865
 
The tax code has two obligations to serve. One is to be "fair",
[snip]

You have some good points of view here. Yet I still don't get this tax system.

How can it be called fair when a family making a $150K in say Detroit is given the same retirement plan incentives as another one making a measly $150K in Palo Alto?

The cost of living is wildly different in the two places. Yet, both families are labeled as equally affluent and taxed in the same way, IRA deductions phased out, and so on.

Regards
Dinesh
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