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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (358200)11/15/2007 6:16:10 PM
From: TimF  Read Replies (1) of 1573696
 
Who cares which government level has the burden... same thing net.

Sure if the feds cut your taxes by $1000 and the state raises them by $1000, its the same thing net.

But the issue is a federal tax plan. If the feds lower taxes, that doesn't make the states raise them, if the feds increase taxes it doesn't make the states lower them. You can't reasonably just assume and equivalent but opposite change in state or local taxes to pretend that changes in federal taxes don't matter. Or that tax changes without tax decreases should be called tax relief.

Whacking the hedge fund managers is a mild adjustment. And probably justified.

"Whacking the hedge fund managers" is probably partially justified. The more important issue to me is not "is it fair", but rather what the practical results of the tax increase will be.

Message 24017868

In any case its not like the hedge fund managers are the only people being whacked.
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