Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: SiouxPal who wrote (24992)	5/23/2004 9:02:34 PM
From: Alan Smithee	Read Replies (2) of 81568

SiouxPal I attended a lunch last week at which William Gates, Sr. spoke. Boring as hell, but he made the point that the taxes in my state (Washington, also home to my good bud tject) has one of the more regressive tax structures in the country. He's right. It's not a question of soaking the rich, but the simple issue that the more you earn, the more you pay as a proportion of income. Fundamentally, I don't have a problem with that. If I earn $500,000 (which I do not) and pay 30% of my income in taxes, I still have a helluva lot more in my pocket at the end of the day than does the guy who makes $45,000 and pays 20% of his income in taxes. As a practical matter, most income taxes are progressive. Sales taxes and the creature we have in this state, the Business & Occupation tax, are regressive.

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