Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (320608)	1/16/2007 9:03:49 PM
From: TimF	Read Replies (1) of 1575767

re: For the most part taxes have already been paid on that money. As on all money. All money was presumably taxed at some point, but the state taxes taxes someone again for the same money. I might feel I get taxed too much on my salary, but I don't pay taxes on earning it twice. You said yourself that the loopholes (trusts) make the tax rates low. That's the part that could be corrected. I might consider agreeing with it (as if it really mattered) if in exchange for the loopholes being removed the rates where lowered. I can see an argument for zero, but if there is going to be taxed, the rate shouldn't be near 50%. you have to agree that the income tax cut would be more productive than the increase in inheritance tax... for the economy. It might be, its hard to say as the cut (in terms of effective rate) would be smaller. Assume it is. How can I know that I would get a tax cut if the inheritance tax was not allowed to go to zero, and if the loopholes where cut? And if I do get a cut how do I know that it will be durable? You offer an unreliable trade off.

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