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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (390112)6/10/2008 12:05:30 PM
From: Tenchusatsu  Read Replies (2) of 1576125
 
Al, > The tax code is not nearly as progressive as it can/should be.

I'd sure like to know how you plan on getting at Warren Buffet's money, for instance. Tax muni bonds?

By the way, most people already do "tax management." If you have a home mortgage, you are "managing your taxes."

Trying to perform "wealth redistribution" when by your admission the tax code is heavily skewed toward the rich is folly. If it's not working now, fix it. Get rid of tax breaks that accomplish nothing these days but skew markets and benefit those rich enough to take advantage. Simply raising rates on an already manipulated tax scheme is insane.

I'll also add that if you have one simple flat tax with no breaks whatsoever, you'll see class mobility rise.

Tenchusatsu
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